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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (41993)	4/15/2005 1:31:51 PM
From: XoFruitCake	Respond to of 206338

yes, Jan 06. I really see the housing bubble end this year. I have been looking to find some house to flip for the last year and a half in the S.F, Sacramento, Rocklin, Las Vegas, Phoenix, and Tucson area. And the fundamental is getting worst (but of course the price keep going up). With the short rate going up, all the 1.75% interest rate (negative amortization) mortgage are gone. And the vacancy for rental house is getting worst. More houses advertised for rent on Sunday on everyone of these market. This is the first time in 15 years that I see incentive advertised (1/2 to a month rent free) for the greater bay area (outside of Silicon valley where we have incentive off and on after the internet bubble). In L.V and Phoenix, there is some statistic that over 20% of the new house purchase are by investors. With super low mortgage gone and slow rental market, I cannot see how "investor" can buy more of these new houses. My put for QQQQ and TOL is doing well today. RYVNX probably is going to do well also. VLO is in a dump. ELN, put on MBI and AIG are not doing much. So all in all a down day..