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

To: ig who wrote (13296)	7/6/2001 6:39:49 PM
From: Jon Tara	Read Replies (2) \| Respond to of 18137

I think you meant: " newly-rich tech investors who bought their new homes near the top, say, around January 2000, give or take a few months, will be able to avoid capital gains if they wait until after January 2002 to sell" That is what I was getting at, anyway. :) I think those who had their wealth in stocks only, and now don't have it - many of them will have no CHOICE but to sell. People have other reasons than gains or upgrades to sell a house - moves over which they have no control, etc. You might keep one house and hold for appreciation while you buy another at the same time - if you can AFFORD to do that. I had no idea that Silicon Valley prices were being discounted 30-40% from the top. Sure hasn't happened here. Maybe 10%, if that.