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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54338)	10/17/2004 12:59:48 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>I am aware of ACF Mike’s shorting Boston housing from perhaps more than 30 months ago, or 60% appreciation since<< Jay, I know you're having fun, but I just can't let that pass. I haven't looked at the data and it's possible that the median price of a house in the Boston area has increased 60% in 30 months, though I doubt it. Nevertheless, if you would be so kind as to provide a link, we can verify this claim. What I can tell you is that high end housing with prices of $1 million and above in the town in which I live and in adjacent towns in the near Boston suburbs has appreciated little in the last 30 months. The high end of the market has been sluggish over that period. A house down the street from me has been for sale for well over a year. What I did 30+ months ago was sell an expensive house whose value had been maximized over a 5 year period by improvements that I made in order to capture a large chunk of tax-free capital appreciation. I did this partly as a hedge as you say but also to put cash in the bank and also in order to repeat the process. I then bought the lowest priced house (with some relatively easily fixed problems) on a 2 acre lot on an expensive street with a plan to do some significant upgrades and an addition. Not very original, but it does work. In the interest of full disclosure, I do believe there is not much remaining upside in US residential real estate for demographic reasons and I do plan to be a renter by 2008 or 2009. So there you have it, I am not only bullish on US equities, but a house flipper too. Not PC on BBR, but both profitable nevertheless.

To: TobagoJack who wrote (54338)	10/17/2004 2:51:20 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Lonely soon to become a 6 lane freeway with help of New York Times.... Message 20651722 Think we have enough tool boths ;-)

To: TobagoJack who wrote (54338)	10/17/2004 3:30:31 AM
From: elmatador	Read Replies (3) \| Respond to of 74559

<<US market post-election, regardless of which mob-electorate-chosen leader November 2nd manages to get into the cockpit of the Homeland.>> In economic terms, Kerry will be much much worse than Bush because: 1) he'll will press the switch "protectionism" in the steering wheel of homeland cockpit. The chinese had better have some counter measures up their sleeve. 2) he'll blame outsiders for the deficit and will go for job "creation" schemes cum protectionism. WTO will have a full agenda. 3) Dollar will go down

To: TobagoJack who wrote (54338)	10/17/2004 4:23:16 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

>>possible ‘triple waterfall’ descend of the US market post-election<< OTOH, the bulls might be frisky after the election... story.news.yahoo.com

To: TobagoJack who wrote (54338)	10/17/2004 7:41:11 AM
From: Condor	Read Replies (1) \| Respond to of 74559

I am deeply concerned about a possible ‘triple waterfall’ descend of the US market post-election, regardless of which mob-electorate-chosen leader November 2nd manages to get into the cockpit of the Homeland. This cannot happen since I am shackled to the front door handles of the Royal Bank of Canada with my 3 yr. locked in S&P calls coming due June next yr. An outcome as you described will conjure up Condoritic forces and howling the likes of which send children and women scurrying and make brave men wobbly kneed. C