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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (3206)	11/16/1997 5:23:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116820

I can't see it playing out that way, though I'm no seer. Things should begin to look even cheaper in Japan than in the U.S. as Japanese real estate is liquidated. A ciurcumstance that really hasn't existed for two decades, during which the Japanese regularly went shopping in North America for the cheap stuff, real estate, stocks (if you think the DOW and New York have been expensive the last 10 years, check out the Nikkei and Tokyo over that time). Less of what capital is available will now flow into commercial U.S. real estate. As for the residential stuff, much of it was built to accomodate a large generation of baby boomers with a decent standard of living. Today, a much smaller "Generation X" often lives with their parents in their 30's and generally doesn't have the buying power of the prior generation. This supply demand dynamic has already has its effect on real estate and I don't see a reversal any time soon. Of course, California or Manhattan real estate for example, will have its own dynamic. Good Investing.