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To: Road Walker who wrote (168159)	7/13/2002 11:28:44 PM
From: Elmer	Read Replies (1) \| Respond to of 186894

Why are you so opposed to folks making money on real estate? You want to make money on RE? Go to the places where the weather is nice and they aren't making any more of it. Preferably a liberal political climate where they have so many restrictions that nobody can build. Limited supply, increasing demand. Works like a charm... I have a number of properties in Santa Cruz Ca where the ultra left wing extremists want to keep the local culture. Building is next to impossible. Clean air, beautiful beaches, timeless pristine Redwood forests, University of California, great ocean fishing, perfect summer weather and Silicon Valley just over the hill..... Ahhhh paradise except for 3 months of rain in the winter... Very limited housing supply and a limitless supply of airheads (or blissninnies as TC would say). The prices just keep going up and up and up:):):) The moral of the story is pick your location location location. EP

To: Road Walker who wrote (168159)	7/13/2002 11:42:53 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

RE:"re: All brokers don't charge 6-7%. Plenty of discount brokers. You can even go FSBO. Rare." Not any more. Full service Brokers will often cut deals and some will even list you in MLS for $500 but you have to show it and pay a commission if a broker brings you a buyer. Usually 3% or less. So you can sell a house with a market order in 10 seconds, like a stock?... You'd be surprised. Hot listings can and often aren't on the market more than a few days. Sure not like stocks.....but stocks haven't done too well lately. RE:"Across 90% of the country, the real estate market is appreciating at about 5% a year. +/- 2% of normal appreciation. You happen to live in a market that has experienced extraordinary appreciation, for a number of good reasons." You are way out of touch. There has been a big jump nationwide across the country. Sure some exceptions but it's become more the rule. For instance Chicago has had a huge jump in the last couple of years. Your area too...just call a Broker and ask for a CMA. They will be over so fast you won't believe it. And you will be shocked at what your house is worth. RE:"Why are you so opposed to folks making money on real estate? Not opposed to it like that. Bubbles just scare me. It also leaves a whole generation behind. This usually results in a major readjustment.