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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (44877)	1/28/1999 7:16:00 PM
From: Bonnie Bear	Respond to of 132070

Oh, it's a wonderful return....better than the stock market. :-) We had a real estate bubble here in 1990, from Japanese paying inflated prices with cash...always over asking price. We had a bust for a few years..then about 95-96 a lot of people came in from Hong Kong to pay half-mil or more cash for houses..and then from the rest of Asia. It's very hard to tell how much of the Nasdaq bubble is from foreign buyers looking for a place to park hot money..but I think it's a large percent. The new law is every two years...I am retired at 40 from real estate not stocks as I've managed to time the cycles well. I'm lousy at the stock market, or at least until value investing is in fashion again. BTW people with highly appreciated real estate are not happy with the new law..they have to pay taxes on the excess over 250,000 and can't roll it over.

To: RealMuLan who wrote (44877)	1/28/1999 7:34:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

I just ran the numbers..for me in ten years it's been 14% a year after tax while paying much less in mortgage than rent. The maxed-out 401K with company match ran 25% a year since 92, before tax. Yup, we are at the end of a bubble, or inflation is screaming out of control.