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To: golfinvestor who wrote (125070)11/6/2002 3:36:04 PM
From: Clarksterh  Read Replies (1) | Respond to of 152472
 
GI - The Real Estate bubble as you call it is more a regional issue vs. a National one

Only true in the same sense that asset inflation in the stock market was sector dependent (e.g. the DOW has fallen but not by nearly as much as the NASDAQ). Overall the stock market was at record valuations in 2000 and the housing market is now (e.g. housing price relative to average income, or housing price vs rents).

Clark