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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (4347)	9/24/2002 2:28:48 AM
From: bill	Respond to of 11633

Interesting how everything from fashion to economics cycles. My grandfather survived both WWI and the Great Depression. I'm not sure which left him most scarred. He wouldn't consider buying a stock. He'd also seen real estate crash. I remember him telling me that mansions were going for the price of heating them and paying the utilities. Youngsters and people who don't pay attention to history aren't aware that there had been not just a stock market boom but also a real estate boom. When the mkt crashed, real estate followed. Lots that had been selling for 1200 dollars (figure out what that was worth in today's dollars.) dropped to 50 dollars. They stayed that way for so long that it wasn't until the 1950's that they started to edge up. I was buying lots for investment purposes in the early 1960s for 300 dollars. Those lots are now worth 40,000 apiece. Nothing's changed. They're still just 50 x 150 feet of dirt. They've all got houses on them, of course. On the West Coast property has risen faster and higher. If you could get a lot in this neighbourhood, it'd be around 200,000 and this is just a lower middle class neighborhood. Person across the street bought a house, tore it down, built a new one four times as big. Going to be interesting if housing starts to follow the DOW and NASDAQ down. Going to be a lot of shocked Yuppies. Hope it doesn't happen. What caused this reflection is your comment about BBD.A. I, too, am watching it but I'm also aware that corporate jets aren't worth @#$%^&!! unless there are very rich corporations willing to buy/lease them. Even if Chretian shovels his son-in-law a semi full of money, it won't help if there are no customers. Yet, the rule is, buy when the streets run with blood (the green kind).