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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (55084)	10/2/2001 4:40:42 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

who will sell in this environment, and create the excess inventory of homes that would signal the "falling pillar" that you referred to? Those who lose their jobs. I know of 2 families here in Tennessee who have For Sale signs in front of their homes, due to both adults getting laid off this summer. Their kids must work to help pay mortgage until they dump their home. Both their plans are to go back to their hometown, where they know everyone and can get assistance should they need it. That is what I see people doing more and more. . . going back to their home towns. Rande Is

To: Tradelite who wrote (55084)	10/2/2001 5:36:14 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 57584

who will sell homes? the unemployed, whose ranks are growing rapidly the savvy I have a young friend who sold at the peak this spring he just moved into a nice 2-bedroom apartment comparable houses to his are probably 15% lower now "snapped up by investors" some will for sure, but where is all this loose money coming from? if they wait, and I think they will, they will pay even less why buy a house for renting out, if tenants face possible layoffs? I respect what you say, but similar arguments were made for OldEconomy stocks 4-5 months ago do I paint a scorched earth picture? you havent seen scorched earth if you want to, check out Beirut and Kabul and Sarajevo they have one thing in common: all Islamic homes honestly, that is what I believe Islamic Fundies want the United States to resemble / Jim

To: Tradelite who wrote (55084)	10/2/2001 5:36:14 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 57584

who will sell homes? the unemployed, whose ranks are growing rapidly the savvy I have a young friend who sold at the peak this spring he just moved into a nice 2-bedroom apartment comparable houses to his are probably 15% lower now "snapped up by investors" some will for sure, but where is all this loose money coming from? if they wait, and I think they will, they will pay even less why buy a house for renting out, if tenants face possible layoffs? I respect what you say, but similar arguments were made for OldEconomy stocks 4-5 months ago do I paint a scorched earth picture? you havent seen scorched earth if you want to, check out Beirut and Kabul and Sarajevo they have one thing in common: all Islamic homes honestly, that is what I believe Islamic Fundies want the United States to resemble / Jim