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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Peter Joseph who wrote (24301)10/6/2004 11:20:56 AM
From: THRespond to of 306849
 
Peter,

"The ratio in California i saw several months ago was 8.3:1"

Unbelievable! Americasino. Sad, and it will end badly.

Good Trading

TH



To: Peter Joseph who wrote (24301)10/6/2004 2:35:56 PM
From: MulhollandDriveRead Replies (3) | Respond to of 306849
 
check out the 'assessed valutions' on these W. LA properties

domania.com



To: Peter Joseph who wrote (24301)10/6/2004 11:30:13 PM
From: Amy JRespond to of 306849
 
Hi Peter, More on Americasino:

"Forecast: Calif median home price to rise by 15 percent in 2005"

mercurynews.com
ALEX VEIGA
Associated Press

RE: "The ratio in California i saw several months ago was 8.3:1 (!)"

(Sarcasm on) Yes, but Greenspan thinks it's more productive for this country if assets are invested in a real estate bubble. He pretty much said so at his last meeting when he said stock options are an unproductive use of money and he'd rather see money placed into something more productive. He'd rather see money invested in a real estate bubble than see investing in good companies on the stock market, because it's a more "productive use of assets." (Sarcasm off)

Regards,
Amy J