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To: Ali Chen who wrote (168271)	7/15/2002 4:36:09 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 186894

Ali: That is why I told Jim that the higher prices asked will not be realized. The peak is past here and there. JFD

To: Ali Chen who wrote (168271)	7/15/2002 4:42:25 PM
From: Jim McMannis	Respond to of 186894

RE:"Jim, "Money rushing into real estate and out of stocks." Unfortunately, your observation, although true, is somewhat late. If you check appraisal rolls few years back, in your area, or using the link I provided, you will find out that the peak in property value increase rate has happened in the year 2000, 45-50% per year in some areas. Which means that some smart guys were moving the stock bubble money into real estate already, long time ago. The current RE rush is a sucker's rally I think, but will continue for some time." Except I've been saying it here for more than 3 YEARS. I've also said it will end and it's a sucker rally. Just another baby boom bubble. One thing I've learned on BBses is that people have short memories unless they want to take a pot shot in which case they will drag up an old post out of context. Not refering to your post however. RE:"or using the link I provided, you will find out that the peak in property value increase rate has happened in the year 2000, 45-50% per year in some areas"... Not so in this area... Although the high end >500k bubble has cooled the major run-up came in the 2000 thru 2001 time frame. A parabola decribes it...starting a few years earlier when the but tax cut started to kick in. Jim