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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (31710)	5/21/2005 4:25:26 PM
From: bentway	Read Replies (3) \| Respond to of 306849

I'm all for Utah being hot. Someone posted some chart of 55 boom cities that had SLC "booming" as of last month! I know the locals think the place is booming. Maybe I'm not overwhelmed because I moved here from San Diego county, and a boom here would have been an uptick there. extras.sltrib.com My zip code is just up 6% this year. When I sell, I should do much better, since I bought a foreclosure with plywood instead of glass for the windows, nonfunctional plumbing and heating.

To: John Vosilla who wrote (31710)	5/23/2005 2:15:18 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

I posted this in a PM to Ork, but it is interesting to this board, methinks: They had a hilarious "Housing Mania Chronicles" type moment on Brinker's show today (I don't usually listen, but swithced to it by accident in the car). Keep in mind that most of the questions deal with stocks, 'cause that's what Brinker is more or less known for. Guy in Cali calls in, he has a bunch of paid down rental units but is short on cash. Asks Brinker if it would be a good idea to take out a mortgage so he can put the money in a Roth and get tax free return from treasuries. Brinker says, well, "it's basically a wash 'cause then you'd have a mortgage to pay"....and asks the guy what sort of return he's getting from renting the houses. Turns out he's getting 2.5%, so Brinker advises him to sell some of his houses instead (remarkably good advice coming from Brinker). Guy nearly has a heart attack, blubbering that he'd NEVER sell, HO HO HO!<NG> UFB to the nth degree....