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


To: John Vosilla who wrote (38016)8/7/2005 4:31:22 PM
From: Tradelite  Read Replies (2) | Respond to of 110194
 
re: your comment:

<<Land and building lots in many remote areas of Florida with a ton of open land are up as much as twenty fold since 2000. That is not normal and only similar time period was 1922-25 period. We all know what happened soon thereafter.>>

John, are you serious in your apparent belief that the number and buying power of wealthy people in the world who want to invest in Florida is the same as it was in the 1920s? What is NORMAL these days?

Have you not witnessed our very own U.S. stock markets move more in one day than they used to move in months? Everything happens faster these days because the world has more players who have more money than anyone ever had in the 1920s.

And puleeze do not ignore the amount of Florida land which is currently spoken for by wealthy people vs. the amount of same in the 1920s.

You're beginning to sound like Elroy, who used to always quote real estate stuff from the 1800s and apply it to today, even though the transfer of real estate from one party to another has changed quite a bit since then. <<gg>>