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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (9279)	6/19/2002 2:10:57 PM
From: LLCF	Read Replies (1) \| Respond to of 9719

Cash "on the sidelines" appears to be growing: biz.yahoo.com DAK

To: CYBERKEN who wrote (9279)	6/21/2002 2:17:30 AM
From: Rocketman	Read Replies (3) \| Respond to of 9719

I too wonder how sustainable the residential real estate market is. I heard that foreclosure rates in the SF Bay Area have shot up a lot recently. My thinking is that the house is the last thing you let go of when times get tough and that the tough times are catching up with a lot of those who have been out of work or underemployed for a long time now. The lag is catching up. In the meantime, there has been quite a few people who aren't in trouble and feel personally comfortable with their situations buying. There is a bit of pent up demand in the Bay Area from when things were way too overheated. It think a bubble is a fair description. Commercial space in the Bay Area is about 30-40% vacant, or leased but unused. During the boom times, it was in the low single digits. Lot's of people who used to work in those spaces have either gone elsewhere or aren't making the cash these days. No obvious end in sight either. My guess is that the banks are going to be owning a lot of property, both commercial and residential. Rman