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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (27320)2/3/2003 3:57:16 PM
From: dave rose  Read Replies (1) | Respond to of 36161
 
<<< just don't see why any commodity or real estate or any other tangible item that is owneds is not considered a hard asset irrespective of whether it is mortgaged or not.>>

Real estate is always under the gun of the tax collector. You never never completely own real estate. A mortgage can be discharged.



To: Little Joe who wrote (27320)2/3/2003 5:05:34 PM
From: Silver Super Bull  Read Replies (2) | Respond to of 36161
 
LJ,

Sure, I can see some of your points. There are definitely shades of gray.

If it wasn't for the massive mortgage financing, I would consider homes to be hard assets. But given the massive growth of the mortgage market, in my opinion this paper has subjugated the "real asset" status of real estate.

Real estate will continue to be influenced more like a paper asset than a hard asset.

DB