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

To: KM who wrote (37542)	8/11/2005 9:33:11 AM
From: shades	Read Replies (2) \| Respond to of 306849

RE miami condo's = I put my number out to too many TIC folks - they have been blowing up my phone with return calls - one sat there telling me I did not need to 1031 into office buildings or oil and gas interests or post offices, that he could find me some nice south florida condo's - I kept telling him no - I don't think so - homey don't play dat - they are already talking on CNBC how several condo projects in Miami and Tampa are being cancelled - he said BS - you moved here - so will lots of others - I said au contrare - I am moving away - no more Jeb Bush for me. I had to become unpolite with this person before he understood south florida condo's had zero interest for me, this was an exception to the norm though - most were very friendly and informative - this particular guy said at the end of the conversation - well you don't sound like an accredited investor to me, so I am not going to waste anymore time with you - HAHA! I don't understand his logic - only accredited investors are silly enough to buy condo's at the peak? One TIC person - she had an accounting degree, been in the business 20 years - said far too many teachers, yard men, immigrants etc etc were getting into real estate - that a downturn would be bad in florida for all the housing related jobs that could go up in smoke. She said she was bitter about how investors were just buying anything that hit the market - it was making her personal insight and recommendations worthless - she was being marginalized because so much money was chasing so little 1031 TIC inventory. People want to feel needed, women especially so - she was pretty down on what is coming if things crash.

To: KM who wrote (37542)	8/11/2005 11:02:28 AM
From: John Vosilla	Read Replies (7) \| Respond to of 306849

The stock market is a major reason for the housing bubble. Most people don't trust it even folks like me who have become pretty proficient at it after eight years. I personally can't wait for the day I never watch CNBC anymore and close my trading account. Sure there will always be huge winners. Buying high volume breakouts with tight stops below new resistance and letting winners run is all that seems to give you great upside without the downside risk. It has to be frustrating for smart people who believe in the stock market and their particular niche to be handily beaten by a bunch of idiots riding the housing bubble of late. The dirty little secret few understand is you don't need a housing bubble for your RE investments to handily outperform almost any stock market investor.

To: KM who wrote (37542)	8/11/2005 11:44:41 AM
From: Jim McMannis	Read Replies (3) \| Respond to of 306849

Is that my imagination or was BWNG selling for $1000/share back in the day?

To: KM who wrote (37542)	8/12/2005 1:36:35 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

re: your comment <<Nobody wants telecom stocks now. That's where I have my money>> Maybe I have some news for you. From yesterday's Wash Post Business section, "The Download" column.... <If the scene in front of Tysons Corner night spot eCitie Restaurant & Bar in any way reflects the health of the local technology economy, then things aren't looking too shabby. At 6:15 p.m. Monday night, a line of BMWs, Mercedes and Range Rovers waited to be parked by the valet at $3 a pop, even though a spacious parking lot surrounds the building. At the door, half a dozen people stood patiently as name tags were collected for a networking happy hour. At one point, a man with a cigar actually uttered the sentence: "Good times are here again." And this was a telcom gathering, no less. Two years ago, TelecomHub events had a mood to match the funeral of a beloved great aunt. Topic A was: "How long you've been laid off." Topic B followed suit with: "Number of times your resume has been rejected." Not so anymore. The 220 people who showed up at the organization's event this year were much more interested in discussing hot deals and new cars than career woes. "I really think the Hub serves as a good barometer for the local telecom climate...and we've seen a lot of optimism," said Barry Toser, the group's president and general manager of telecommunications services for Reston-based Transaction Network Services, Inc.>> [The story goes on a little longer if you want to register at the site and find the column at washingtonpost.com]