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To: mishedlo who wrote (111578)	7/7/2001 2:58:31 PM
From: Shack	Respond to of 436258

From the 5th largest city in North America, no slowdown yet. The bubble wasn't as bad as SF of course but canoe.ca

To: mishedlo who wrote (111578)	7/7/2001 3:11:10 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Home equity as share of home value drops 10 pct freep.com It'd be interesting to see what the equity in 401K's stand. I've read that almost one-third have loans outstanding, probably to buy homes. Then you take out a home equity loan to put money in your 401K. Then you...

To: mishedlo who wrote (111578)	7/7/2001 5:22:56 PM
From: pbull	Respond to of 436258

<Any other observation?> From what I've been able to decipher, Dallas/Fort Worth, Houston, Omaha, Chicago and Minneapolis are still doing well (perhaps Toronto fits into this category, too). So, sure, parts of the country (or continent) are doing just fine, thank you. The problem with real estate is liquidity. By the time you decide you don't want it anymore, chances are that buyers are scarce, for whatever reason (higher interest rates, job losses, etc.) But I find this Toronto illustration posted recently on this thread to be spooky. Really spooky. Not because it's Toronto (I've never been there, but I've heard it's a really nice place), but this concept that, well, the stock market is bad, so buy real estate instead. I have heard of too many people who bought real estate in a "hot" market who were glad to get away with the shirt on their backs. How soon we forget California and Texas in 1989, for example, and I won't even get into what's happening now. The bottom line is simple: It's worth what someone else is willing to pay for it. Period. And guess what? Stocks, real estate, whatever, as the price goes up, fewer people can afford to buy it. I could go on and on. PB