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

To: Jim McMannis who wrote (71307)	2/3/2007 12:25:38 AM
From: Don Green	Respond to of 306849

Looking to sell one house on Rocky Point. Any buyers?

To: Jim McMannis who wrote (71307)	2/3/2007 9:27:03 AM
From: Oblivious	Read Replies (3) \| Respond to of 306849

In stocks. Don't fight the FED.

To: Jim McMannis who wrote (71307)	2/3/2007 11:06:59 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Florida is an up and coming disaster. Heck. Taxes have tripled for new buyers and the tax collectors/municipalities have already spent the money.<<< Real estate taxes have always befuddled me. Is it the case that the communities needs rise with real estate values?? For example, absent no increase in population with a 50% increase in home prices, does the community require 50% more police??? Of course over time, high real estate prices affects the cost of living and the municipal employees would all genuinely be due a COLA increase. Municipalities always take advantage of real estate booms to increase spending or alternatively their services - regardless of whether the community wants more. Once services are provided, it is awfully hard to take them away. For me in boom times, I would prefer that the municipality pay down debt. All the really well managed businesses do that.

To: Jim McMannis who wrote (71307)	2/4/2007 5:11:48 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'I'm looking to short the hommies by the beginning of summer' Why then? I see a few have actually broken out again this week. I think either we melt up to a euphoric top the next month or crash real hard now. No one expecting either but since this is the third year of the election cycle the year should be up but Goldman and Morgan need something in the tank for that monster fourth quarter rally so I doubt they take it to March 2000 type levels just yet..