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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14928)	5/11/2005 5:27:14 PM
From: Green Machine	Respond to of 25522

"I heard Ed Hyman of ISI say the housing market could be just starting to bubble and it might be about where the NASDAQ was in 1996." I seem to recall some sentiments like that about stocks in early 2000. NASDAQ 10000, DOW 20000 comes to mind. Impossible to predict I know. But there is this 'no brainer' mentality now that real estate will continue to climb with no end in sight. Scary thinking. Sounds bubbly to me.

To: Kirk © who wrote (14928)	5/11/2005 7:27:13 PM
From: Big Bucks	Respond to of 25522

Kirk...just for grins, how much is your house payment in the bay area?

To: Kirk © who wrote (14928)	5/11/2005 7:36:27 PM
From: Big Bucks	Read Replies (2) \| Respond to of 25522

Kirk, the main concern right now is that new home buyers might wind up upside down on their mortgage if housing values go down....they will owe more than they can sell the house for. One good sized earthquake in your area could change the housing market overnight. I think that happened after the '89 quake. I have a real philosophical problem paying $800k for a 2500 sq ft house in the bay area (the slums) and financing it for 40 years.