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To: D.B. Cooper who wrote (9718)11/7/2002 10:50:49 AM
From: Sig  Respond to of 13815
 
<<Who can be buying these things and at these prices? >>
Retired stock brokers who got out early?(g)
School roofing contractors?...
Title Company executives,auto insur agents, mechanics at Auto dealerships..
Veterinarians, oral surgeons
Gun shop owners.
Transmission specialists
Yatch brokers
Sig



To: D.B. Cooper who wrote (9718)11/7/2002 1:39:06 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 13815
 
thats interesting that Seattle RE is exploding.
down here in silicon valley we are falling hard- Seattle a more diversified workforce, I understand but tech is big there too.

A friend who is a loan broker said things are ready to fall off a cliff in Palo Alto, there is no business whatsoever and more and more inventory.

If anybody wants to speculate SV is a good place to do it as soon as this rout works its way through the system. Kindof a boom/bust real estate scenario here.
Lizzie



To: D.B. Cooper who wrote (9718)11/7/2002 10:22:41 PM
From: pbull  Read Replies (1) | Respond to of 13815
 
Who are buying these things? Various people who bought YHOO puts, AOL puts, etc, at the height of the madness.
Where I live, lots of "regular folks" live in fancy homes that are now about 5-6 years old. GE calls, MSFT calls, S&P 500 calls, etc.
My question is this: When Mr. Market returns to a normal trading-range market, how are these people going to finance themselves? Answer: They're not.
Hundreds of "expensive" homes ($300,000-plus) are for sale here, in a small city, illiquid, no bidders.

PB