Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (13286)	7/6/2001 11:10:42 AM
From: Jon Tara	Read Replies (3) \| Respond to of 18137

Yup, Alan. Here's something to consider, too. There hasn't been any serious erosion in the housing market yet. Now, our local situation in San Diego might not be the norm - we have a severe housing shortage. But, still, you can see evidence of the process in motion. Housing prices have stalled. They aren't going down yet, but they have stalled. At the same time, inventory is up and time-to-sale is up. It's more striking if you just make some common-sense observations: a year ago, there were no "for sale" signs on my block. Today, there are probably a dozen. (It is mostly condos in this area.) Now, these people are asking the high dollar for their properties. IMO, they are not going to get it - they are not being realistic, and the property is not moving. Now, let's throw one more thing in here. A personal residence has to be held for 2 years in order to avoid capital gains tax on sale. Think that one over a bit. What can we expect to start happening about two years after the peak of the stock-market bubble? Let me re-state that one. What can we expect to START happening about two years after the peak of the stock-market bubble?