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.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (578)	1/29/2014 9:58:12 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26811

Indeed. I got a real estate summary yesterday that showed some homes priced under $2M were going for $300,000 to $600,000 over list late last year. I know one $2.65M home was paid for by the owner last year before the boom with cash raised by selling two of his properties in China as he moved his family here for the schools and relative safety. One top broker sent out a fancy, multi page booklet with sepia sheets and nice, color printing just looking for listings. He claimed to have sold over $0.25B last year! Those numbers seem incredible and it is frightening to think this is how major market tops happen in the past... but it could be just the start of another run too because if things get really bad in China, they will sell at any price and move the money to the US much as we saw in 2001/2 with the dot com meltdown. Remember back then the CEOs and insiders kept selling their shares to get out with cash before many of the bubble stocks went to zero. Unlike internet companies in 2000-2003, China has the ability to print money to try and keep it together and prevent another revolution to remove the corrupt politicians that let it happen.