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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Geof Hollingsworth who wrote (584)	8/29/2001 9:24:30 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Share prices of mortgage lenders???? Who cares. If you invest in Citicorp or Bank of America, you are investing in a much bigger operation in which mortgage lending is just a part. I personally don't hold bank stocks, but they are cyclical with trends in the marketplace. If you are talking about that crazy array of "online" mortgage lenders who cropped up during the dotcom. mania, no thanks.....would never consider investing in one of them and would do all I could to stop any clients from trying to borrow money from them.

To: Geof Hollingsworth who wrote (584)	8/29/2001 9:31:39 PM
From: JRI	Respond to of 306849

<Orlando trailerpark vs. Miami home> Probably a lower correlation than you think....many of the immigrees from other places (be it elderly or foreignors) in Miami/South Florida don't do trailer parks.....that's mostly Southern white, you-know-what.....Orlando is America (the South), Miami is Latin America (even more South-g) Ft. Lauderdale/Boca....yeah, you see more trailer park stuff, but still powerful demographics at play....just spoke with a friend of mine who is selling his Boca condo to an Argentinian (didn't know they went up that far-g) The demographic "effect" I've mentioned, I think, are much less helpful to the trailer park crowd, hence, no "demand safety net" to protect sellers I do admit...if I get the demographic shift wrong, South Florida has very little (economic) leg to stand on in any housing pull-back...but could still see more cushion than other places due to job mix.