To: John Vosilla who wrote (37773 ) 8/13/2005 12:29:05 PM From: X Y Zebra Respond to of 306849 So folks buying today at 3-5% caps are not building risk, illiquidity and management into their business models. exactly.... no to mention that buying at such cap rates is insane... it only happens in multifamily i believe, which is stuff i do not touch with a hundred foot pole they are buying based on the greater fool theory.to really end the speculation and stupidity going on we really need higher rates if you do, you will kill the economy 'dead' -g which in a way, works almost like a 'guarantee'.... not to have interest rates go up.... (as much as you are suggesting). assuming you buy a sound property at a reasonable cap rate that somehow has a real space demand, which may insulate it to a serious downturn of the american economy... therefore... you are left with smaller markets where local economies take precedence to the larger markets that are affected by such forces. it becomes a game of sleuth and in relatively far away markets... for now, imo the rocky mountain states are the best... and frankly with the internet and such, not as 'far away' as one may think. in some communities job growth expectations are very strong and expected so for healthy periods of time... so yeah, yeah, yeah..... we are in a bubble.... -lolAmerica will continue to grow but a slower pace and do what it does best which is spend. well... i think it does more than that... it just needs to be slapped-bitch from time to time to get her to execute... -lol why is it.... that japanese (toyota) and german (BMW) can put successful auto plants in the USA and yet detroit cannot...?? A = can we spell... unions ? or better yet: get rid of -g and higher science... america can do that *which seems some sort of miracle given the state ot affairs in most public schools* 'tis all in the mind... if you think you are sick, then you are.... oh... cut the licence to deal drugs to the psycholocos and don't advertise so much anti-farting and belching medicines man... just change the goddamned diet, quit church, tv & whining... it is unbecoming -gg it is sort of ironic that the richest country on earth that has so much going for in the positive, lots of people feel (by self prescribed method) we are facing armageddon ??? there are people in costa rica (just to take a sample) that while far poorer they are mentally healthier than your average joe here.... the average joes have been into the bible again man too much of it imo and worse, they take it straight, no ice, no liquor, no chaser with it.... man that is hard-core... -g