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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (25341)	1/26/2005 10:45:32 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

people were quoting figures that total Tokyo real estate "values' exceeded all of California or some such absurd figure no, IIRC it was worse--just the land belonging to the Imperial Palace in Tokyo was worth more than California...or Canada or something. Tokyo itself being worth more than California is not quite as absurd, especially when you consider that Tokyo is a much greater contributor to the wealth and prosperity of the world. about the only good large-scale export to come out of California is agriculture. other things--tech Ponzi schemes, Hollywood, and a huge weapons industry reliant on corporate welfare which steals money from the taxpayers in the rest of the country, are net negatives. California even exports its real estate bubble when the smart people leave and bid up prices elsewhere.

To: Crimson Ghost who wrote (25341)	1/26/2005 10:53:23 AM
From: Mike M2	Respond to of 110194

FH, I heard of a small home in Middletown, RI bought in 1995 for $80 k listed for $240k . Mike

To: Crimson Ghost who wrote (25341)	1/26/2005 11:34:34 AM
From: John Vosilla	Respond to of 110194

<I suspect that today total California real estate might be "worth" more than all of Japan> Probably true and it is quickly catching up to the total market cap of companies traded on the major exchanges in this country. At this rate of expected 10% annual appreciation from here by the masses the average home will be a million dollars by early next decade. No wonder why everyone out there wants a piece of the action.