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

To: Elroy Jetson who wrote (55411)11/2/2004 4:28:18 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
Sounds like Texas in the early 1980s.

Where are the banks getting the money ?

I'm in Silicon Valley,with very little residential or commercial building. Offices & light mfg. still way over built, vacancy of 20% - and that's a soft number, with almost any tennant acceptable. Church groups get big space for near free - landlords want some use of the property.



To: Elroy Jetson who wrote (55411)11/2/2004 2:18:58 PM
From: twmoore  Read Replies (1) | Respond to of 74559
 
I mentioned before that I sold 4 rental properties a little over a year ago in Windsor Ontario,as it became more and more difficult to collect the rent.
I just got back from a trip to Vegas,where they are building like crazy.There are more than 6,000 new people moving there by the month because there is no state tax.They are having a hard time keeping up with the infrastructure.This is apparently the fastest growing city in the US.


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