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To: marginmike who wrote (153231)	2/25/2002 11:51:04 AM
From: Petrol	Read Replies (1) \| Respond to of 436258

<<Housing in suburbs of NYC are going up not down >> The area in the Philadelphia/NYC corridor are so congested I'd be surprised if they move down much but they will. I see more and more houses on the market in this area (princeton) and new homes are being built but they aren't being bought with nearly the enthusiasm there was before.

To: marginmike who wrote (153231)	2/25/2002 11:51:23 AM
From: GraceZ	Respond to of 436258

People want to put their money in real assets.

To: marginmike who wrote (153231)	2/25/2002 2:49:12 PM
From: JRI	Read Replies (1) \| Respond to of 436258

<everyone in housing, art says biz...> I guess the big difference between us and japan as they we are determined to bankrupt ourselves thru the consumer vs. government (them)..If we can pull out (and stay out of this recession w/o double dip) it'll be the 1st time my research shows that the consumer did NOT have to pull back signifcantly (build savings) before a bottom...rewriting the rules as it were.. Having said this, both real estate and (likely) art are benefitting from a "cash in the stock market chips, let's find some other area of investment that we understand" mentality by young and old alike...real estate and art being 2 things one can SEE and TOUCH (maybe to deteriment of bonds? No one keeps certificates anymore)...after getting burned by vague/bold "promises" of internet glory..