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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (37846)	6/14/2001 11:48:41 AM
From: stockman_scott	Respond to of 65232

<<Think things will turn better in Q4 and Q1/2002.>> RR: I tend to agree with that...The impact of the SIGNIFICANT Fed Rate Cuts and the new tax cuts may take a few quarters to have their full effect. Right now we are in the eye of the economic storm with bad news every where we turn. Yet, the Naz is way off its lows and slowly but surely starting a recovery. Patience will be tested for those investing in the market this summer...=) Best Regards, Scott

To: RR who wrote (37846)	6/14/2001 12:35:12 PM
From: adairm	Read Replies (1) \| Respond to of 65232

<<some argue we're in a recession now and don't know it. Hard landing, so to speak, yes>> I think you're right about that. My wife and I are seeing it here in Atlanta. We rent modest houses, that are fixed up nicely. We just happened to have 3 vacancies at the same time. Usually, it's not a problem to get them re-rented. This time, we've had a harder time. Got two rented, still working on the third. We were thinking that we just havn't tried hard enough until we saw a big article in last Sunday's paper about the high vacancy rate in the apartment complexes here. So it's not just us. That's some consolation... But, it also means that it's going to be hard for us to raise rents. Property values are still rising, and the tax assessor doesn't mind raising his valuations... One thing we've noticed that we're seeing more tenants come in as 'roommates' rather than as single adults or even as 'couples'. (Hell, nobody gets married anymore!) So, things are getting a little tight at the margin. Adairm