Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (3374)	9/20/2002 1:14:20 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 4051

I'm not saying there's no bubble in some markets but there's lots of places in the USA where things are not out of control. I'm saying that the baloney analysts that are forecasting a total collapse of the real estate market are wrong. There may be pockets where things got bid up to high but there's a lot of people who have expensive houses in LAX for example, who have very low or zero mortgages who don't have to do anything. I was one of them. I choose to sell and move, which had nothing to do with my wage level or the price of the house. My ex-house may be worth less in two years but it will probably be worth more in ten years. Show me some stocks that you can say that about even after the beating they've taken. Are we back to Buffett? Can we all do Buffett? I'm thinking that I'd like to hear what Ben Graham would say about today. So many stocks trading at below cash breakup with zero value attributed to the enterprise. What would he do and what would he buy? His main ally was accounting aspects. You would think that today would be a bonanza for him if he could rely on the accounting. Can we rely on that now? His era was in a time of relatively slow technological change. Not true now, as a well capitalized business can go into the toilet if somebody else develops the next generation. Is this why Buffett stays with consumer driven companies?

To: Ahda who wrote (3374)	9/20/2002 7:13:47 AM
From: long-gone	Read Replies (1) \| Respond to of 4051

<<Average house price LA $323,000 wage wise one needs income of over 85,000 to qualify. Minimum wage here $7.50 average wage here probably about $20.00 two income earners do not make adequate income. >> Despite popular opinion, the greater LA basin + DC + N.Y.C. are Not the whole of our nation! Omaha NE, is good enough for Warren Buffet and: "The metropolitan area has an abundant supply of both new and pre-owned homes dispersed throughout the city and Communities surrounding suburban communities. According to the Omaha Area Board of Realtors, the average sale price of a house in Omaha during 2001 was $145,915. Housing in Omaha is consistently lower than the national average. During the first quarter of 2002, the median price for existing homes in the Omaha metro area was $119,000 compared to a median of $160,000 for the U.S. According to the National Association of Home Builders, Omaha was among the top 33 most affordable housing markets in the nation during the first quarter of 2002. There are also ample rental accommodations located throughout the city with approximately 75,000 multi family housing units within the Omaha metropolitan area. According to a study by the Nebraska Chapter #12 of the Institute of Real Estate Management of the National Association of Realtors, during the fourth quarter of 2001, a two bedroom apartment with between 955 and 1,116 square feet in a suburban setting averaged approximately $669 a month to rent. One bedroom units rented for an average of $536, while the three bedroom units of the same size averaged $815 in rent. ..." omahachamber.net "Median household effective buying income (EBI), which is analogous to disposable personal income, was $41,216 in Omaha at the beginning of 2002, compared to the national median of $38,365. Omaha also has a greater percentage of higher income households with 38.9 percent of households in the Omaha metropolitan area having an EBI of $50,000 and over. On the national level, only 35.3 percent of households have this level of disposable income. The relative prosperity of the Omaha market can also be seen in the fact that more than 59 percent of Omaha area households have median household effective buying income over $35,000 per year. " omahachamber.net