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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (118458)	8/27/2001 10:11:06 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 436258

No... you're probably correct unless they dumped it into CSCO or the like. I'm sure they figure they could do it once, they could do it again... But the way people throw money around here for vacation homes when it does bust it will take 10-20 years to get it back... Heck one house, on a very popular lake here in NH owned by a popular exCEO, has a million dollar rock wall constructed such to make the lot buildable so they could put a 5Ksqft summer home on it. Lets no go into details about the house, but I can say they scaled back a bit because of market concerns. My uncle a retired banker in that area was taking stock as collateral 10 to 1 for some of these people on 6 month short term loans. He now says he will not and should not have taken it. Even he was confused on the bubble telling me to get in near the top...