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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (117604)	3/28/2016 3:59:06 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217588

The 1989 to 1996 crash was a time to make money, with 1993 the bottom in Los Angeles. Foreclosures everywhere and they weren't being acquired by hedge funds prior to hitting the market. Even hotels rates were good, as the Biltmore in Santa Barbara charged $99 a night for outstanding rooms, the bungalows somewhat more.

To: Snowshoe who wrote (117604)	3/28/2016 5:37:59 PM
From: koan	Read Replies (1) \| Respond to of 217588

We crashed really hard in 86 and 87. And we crashed a bit in 2008. In 1987 attached homes that are today selling for $275,000, were selling for $50,000. Crow Hill condos that are $150,000 today were selling for, I don't know, $50,000, something like that. We had a terrible depression. But at that time the valley which is the only easy place to build in general because it's a flat glacial Moraine is now filled up. And there is almost no land left to build on. There's like 19 residential lots and that includes the good the bad the ugly. As of today, the market is the highest it's ever been, but I seem to sense some fear coming into the market from all the talk about the budget shortfalls. So I may turn out to be wrong and we may yet crash. But the city just issued its first license to grow pot. And I expect Juneau to become the pot capital of Southeast Alaska because the state is requiring that all pot be tested by a lab and the only two cities that would have enough money to build one of those are probably Juneau and Ketchikan. I expect that pot will bring in tens of millions of dollars to Juneau and employee hundreds of people in the cultivation and sales. Last week the city was dry and I found out they had a huge convention in town and people are guessing they literally bought all the pot in town-lol. I read recently that half the tourism in Colorado is there to buy pot. It is so funny, during our hippie days only the squares referred to marijuana as pot. We always called it grass. A word that's never used today. And now everyone uses pot or weed. The straights always win-lol.