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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (394)	7/7/2001 11:52:40 PM
From: SteveDavis	Read Replies (1) \| Respond to of 565

I would make a couple of observations regarding the dire situation in real estate. The REIT's for the most part, buy for all cash (no debt) so the yield may drop but foreclosure is not a possibility. They are smarter than you give them credit for and have diversified regionally. While things make look bleak in Northern California, here in Texas, as well as other areas, we are blowing and going. With interest rates near a generation low it is hard to see a return to the depression era of the mid 80's unless inflation increases dramatically, which no one is predicting. You have to split the housing market from the commercial market, IMO, as housing is an emotional issue and everyone has to live someplace. Commercial is also divided according to type (retail, office, industrial, apt) and then you have "user" type (carwash, service station etc) with the SBA loan program being important in this last type. Real Estate is not one market moving in harmony and will track the bond market more than you realize. This is all my two cents worth, LOL Steve Davis