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To: patron_anejo_por_favor who wrote (208770)	12/10/2002 1:25:34 PM
From: reaper	Read Replies (3) \| Respond to of 436258

another sign that housing is not in a bubble; participants in the industry continue to act with the highest ethical standards... 11:21AM Homebuilders hurt by WSJ story on down payment practices: KBH, BZH mentioned : The Wall Street Journal reports that a program that in effect allows homebuilders to gift down payments to customers is coming under scrutiny. Critics call the practice an end-run around sound lending policy and a possible force for housing price inflation, as some sellers jack-up price to offset the expense of the gifts. A recent audit by Housing & Urban Development's inspector general suggested that mortgages made through the gift programs carry default rates far above average. Article states that about 38% of Denver-area sales by KB Home (KBH 39.68 -2.35, -5.6%) have been made with down-payment grants this yr. Beazer Homes (BZH 58.41 +2.14, -3.4%) is also mentioned in article as a participant in this program. Cheers

To: patron_anejo_por_favor who wrote (208770)	12/10/2002 1:32:54 PM
From: NOW	Read Replies (1) \| Respond to of 436258

If, even after all my reassurance, you start to feel a little stressed about an 800 point drop now and again, DON'T PANIC, just say to yourself, "It's only money." And even if you lose some, whatever you have left is going to be the good old strong American dollar! The US dollar index, even after its little dip to 105 is so firmly entrenched that there is just no way all those stupid foreigners are going to sell it down like it just fell from a huge precipice. The balance of trade deficit is a mere 400 billion dollars. Loose change really. And even if it did start to drop radically, the 100 trillion dollar derivitive market is perfectly safe! Can you say "TRILLION" with a big smile on your face. Come-on! It's all just a big fun game playing the spreads, right? Even if it's not, you can make up any losses in a couple of months next year or just list it in the column with the "One Time Losses." Nobody cares about those! Better yet, just borrow the money from the Japanese. They're always happy to help support the Dollar! And the Arab countries won't pull their money out either. That's just a big bluff! Those people just love to have fun, and bluff all the time. They need the US dollar. They should panic! That antiquated Gold Dinar they're pushing certainly isn't going to fly. I mean really, GOLD? It's a relic! Rock on! 321gold.com