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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (1003)	2/24/1998 11:01:00 AM
From: Defrocked	Read Replies (1) \| Respond to of 86076

Related anecdote: Pre-retirement Home Buying I had an interesting conversation with some 50-something snowbirds who will be scouting out Florida vacation homes for pre-retirement investment purposes. It seems that real estate in their favorite FL Easter vacation spot is being bid up by current and pre-retirement investors. Given the finite amount of beach homes and recent equity gains their real estate agent has convinced them to purchase this spring to pre-position their basis when they retire in 10 to 15 years. Since their current mortgage is essentially paid off and interest rates are yet very attractive they will bid on a small 750K opportunity this spring. According to their R/E agent, properties in the right areas are moving like hotcakes. Another reason rates have bottomed and inflation will re-emerge eventually IMHO.