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Technology Stocks : HOMS Homestore.com -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (290)	6/13/2001 12:09:45 AM
From: Craig Bartels	Respond to of 505

If I owned real estate in Miami Beach, I would be selling out to. It's not as ridiculous in Indiana. HOMS is a POS, short from the 30's, hope it runs again so I can short some more . It will be single digits soon enough. chbartel

To: TraderXx who wrote (290)	6/13/2001 6:44:30 PM
From: Tradelite	Read Replies (1) \| Respond to of 505

<real estate is just PRIMING itself for a fall ANYWAY> Of course it is....skyrocketing prices drove many people out of the real estate homebuying market in the late 1980s and early 90s. Nationally in general (altho this will vary with location), the market's been hot for about 6 years now. Been there, done that.....seen homes decrease in value by hundreds of thousands of dollars during real estate recessions, and then rebound several years later at higher prices than ever before. There are some years when my real estate holdings have appreciated dramatically, and then you hit a dry spell when they either decrease or stay stable. Right now, the market is driven by demographics....supply vs. demand in good areas....too many buyers of home-buying age and not enough older people who need to sell "the homestead" just yet. People are living longer...baby boomers' kids are now wanting to buy, but baby boomers still feeling too youthful to sell and move to retirement homes. Meanwhile, they just aren't making any more land on which to build homes in good locations close to high-paying jobs. If real estate prices decline in your area, you might want to think about buying something.