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

To: Bonnie Bear who wrote (45594)	2/3/1999 1:50:00 PM
From: JB2	Read Replies (2) \| Respond to of 132070

BB you've got the r.e. market cycle down pat! Hope you don't mind me chiming in here, my ears always perk up at the mention of real estate---Where in your view do the the mobile/"manufactured" homes fit into the scheme? I know people who want to cash in recently inflated employee stock options (at a small high tech co.) and purchase a mobile home park, a deal where they will own the land and not the homes and get cash flow without maintenance headaches. This as an alternative to purchasing apartment houses. I know manufactured home dealers are raking in the bucks these days. I may be biased because I just plain don't like seeing them blight the countryside. Also, re: flipping houses every two years, isn't the only drawback that you have to move every two years? I got to keep the profit on one of the last houses I sold because I had lived in it (before renting it out) just long enough, prior to the new law taking effect, to qualify for the exemption. I'd like to sell an apartment bldg. and apply the proceeds to either: a) paying down a mortgage on another bldg. or b) buying shares in a REIT, but am afraid I'm interpreting the like-kind provision a little too liberally. I'm anticipating the time, post-Greenspan/Rubin, when mortgage interest rates climb and housing prices stall...