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

To: ild who wrote (31881)	5/5/2005 7:55:24 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 110194

Absolutely...that's what I get for wasting my time posting here!<G> At least I hedged my stupid poot bets with the Vegas place...that thing has about doubled in the last 2 years....I should get an appraisal for 450K and do a cash out refi before things settle down!<G> On the other hand, there's this: lasvegassun.com Today: May 05, 2005 at 11:12:57 PDT Little interest shown in heavily advertised auction Of the 68 parcels scheduled to go on the auction block at what had been hailed as "the largest private land auction in Nevada history," only 25 drew bidding. Of the 25, only three parcels drew bids that met the required minimum, the most expensive of which was five acres in Kyle Canyon that sold for $1.3 million. The auction, which had been heavily advertised nationally in the weeks leading up to the event, was conducted by Sperry Van Ness. The centerpiece of the event, a 250,000-acre ranch near Elko, was withdrawn during the Wednesday event. About 40 Las Vegas-area parcels were advertised, ranging from one to 25 acres. A 9.5-acre parcel at Industrial Road and Interstate 15 drew the highest bid of the auction at $4.75 million, but the bid fell short of the $7.5 million minimum.