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

To: tom pope who wrote (43559)	5/5/2005 6:45:16 PM
From: 8bits	Read Replies (2) \| Respond to of 206338

I know plenty of people who have gotten burned shorting the home builders. The tide will turn against them certainly but timing is important. The mania has certainly lasted longer than I expected. Two years ago a friend of mine suggested I buy a house 100 miles from my home as an investment. I looked at the statistics of the area: high unemployment, not so great schools, and low income. I thought there would be better areas to buy. She bought her house initially for $165,000 and sold two weeks ago $325,000. Net profit less realtor fees etc. roughly $160,000 on an initial down payment of $35,000. Aaaarrrggghhhh.