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

To: Jim Willie CB who wrote (1133)	12/8/2001 12:01:48 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

Jim,re:"housing price will fall". Not really, according to AG. There is no inflation in-sight, no wage pressure. Housing price does not count and has no effect on American's living. I think it will go through the roof just like the dot-com and Japan the yesteryears. Too bad for the 'have-not class', unfortunately including myself. But, I'm happy with my role, even if it is on the wrong side of a 'zero-sum equation'. Well, I'm not that happy, just nothing I can do when the force is on the other side. It will be like Tokyo/Japan, recession and high-price assets and real-estate. The reason is simple, with AG continues to pump liquidity, the 'have class' can afford to hold on the real-estate just like the Tokyo's building owners. Also acquire more from the 'marginal' (the layoff, out-of-luck or whatever the reason have to sell). It's easier to exert monopoly effect on RealEstate than MSFT.