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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (26287)	3/25/2005 6:16:00 AM
From: redfish	Read Replies (1) \| Respond to of 116555

The seemingly inevitable how-to guide inspired by Donald Trump - "Trump Strategies for Real Estate" (John Wiley & Sons) by George Ross, one of Mr. Trump's assistants on his hit show "The Apprentice" - is a strong seller, already hitting No. 177 on Amazon.com's list in March, less than a month after its release. At the Nexus party in Brooklyn, Steve Nguyen, Ms. Romano's fiancé, said he was heeding Mr. Trump's advice. "He says buy, buy, buy," Dr. Nguyen said. Trump is building a 55 story condo in downtown Tampa that won't be completed for another two years, proving that talking your book isn't limited to stock market gurus.

To: mishedlo who wrote (26287)	3/25/2005 7:07:47 AM
From: MoneyPenny	Read Replies (6) \| Respond to of 116555

I live in this fantasy land. SW Florida seems to believe that we are immune from any financial difficulty. I have a friend that is positive that real estate values will appreciate 20% a year for the next 10 years as Baby Boomers move to Florida. I say that if that many people move here, it will be a highly undesirable place to live. I thought the hurricanes that hit last season would dampen this raw enthusiasm. Not so. In Punta Gorda, the hardest hit by hurricanes, people are lining up to buy new development hoping for a 100% appreciation in two years. I think the realtors spike their coffee. Highrise condo development in the backward Fort Myers is selling out pre-development with about 90% investors/10% actual buyers. I think this is a recipe for disaster and perhaps an opportunity for me to buy a nice penthouse in a few years. I stand in amazement but I am enjoying the amazing increase in my interior design business. I have never seen anything like it in my long career (37 years). MP

To: mishedlo who wrote (26287)	3/25/2005 10:39:46 AM
From: Jim McMannis	Respond to of 116555

RE:"is working off of a totally new economic model than any of us have ever experienced in the past." LMAO" All real estate is, it's just magnified in retirement ares.

To: mishedlo who wrote (26287)	3/25/2005 11:48:27 AM
From: John Vosilla	Respond to of 116555

A new theme that makes this time different perhaps adding to the reckless speculative behavior is the internet and the instantaneous access to information. Too many sharp people like these think they'll be able to identify that the market has topped and get out before it is too late. And many former stock market enthusiasts are now turning to housing. Douglas Paul, a 46-year-old former analyst, left AT&T in 2002 to buy and sell stocks on his own. But he soon decided that real estate could be another way to make quick profits. Mr. Paul owns two condominium units around Fort Lauderdale and one in Miami Beach, all bought during the last year, in addition to the one where he lives. He plans to sell one of the Fort Lauderdale condos in June for what he believes will be double his investment. "It really is a very hot real estate market, and I don't know how long it's going to continue," he said. "But in the short term, why not profit from it?" Andrew Farquharson, a member of the class of 1999, said he recently teamed up with a high school friend to buy a home in the Central Valley of California "out of pure speculation." He knows of other classmates who have made similar investments. "I look at this as a short-term investment," said Mr. Farquharson, 36, who works for a venture capital firm, "and plan to unload it as soon as things look dangerous.