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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (40950)	9/5/2001 10:34:17 AM
From: Jim Willie CB	Respond to of 65232

longstanding arguments for real estate might be flimsy "everyone has to live somewhere" yes, but renting is viable, not for everybody though "not making any new acrage out there" sure, but office buildings are chasing the surburbanites outward "not much new supply on the market" of course, but it is a supply & demand equilibrium "employment is still strong" ok, but 3.1 million unemployed is a lot of tight wallets and another 300,000 new unemployed every single week (many find new jobs quickly) and employment will be strong for how long? the missing piece even for employed people is WILLINGNESS TO PAY UP THE HIGH PRICE BEING ASKED some people can afford to wait I(and will wait) some people are putting their properties up for sale (discretionary) and now we may be seeing bonds overbought, rates lower than a balance would indicate so an uptick in mortgage rates might have an effect here we will see / jim