Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (8161)	8/25/2007 11:06:58 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Anyhow, I remember riding through town with my father and seeing tons of retail buildings that were totally empty. All construction had stopped and people were either working a low paying job or not working at all. I remember those days as well.. My father was involved in construction at that time and I still remember his discussion about how he was unable to properly bid a job because double digit inflation would render his bid unprofitable by the time he finished the job. So he had to pad in an extra $$$ buffer to make sure he didn't take a bath on the project. But I also recall some friends of mine who had purchased a home here in the DC area back in the late '80's. They paid 170K for it, but then the recession hit and it fell 30K in appraised value. But they held on and later (after they divorced) they sold it for over 200K in 2002. Hawk

To: Augustus Gloop who wrote (8161)	8/26/2007 12:46:18 PM
From: Poet	Read Replies (1) \| Respond to of 33421

Hi Gloop, I really like these posts and believe they speak honestly to the concerns of many of us over the long term. Thanks.