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To: Ingenious who wrote (23592)3/1/1999 7:44:00 PM
From: Jon Koplik  Read Replies (3) | Respond to of 152472
 
I read an article recently where the real estate "interests" were "crowing" about rebounding real estate values in Orange County (CA).

If you read the article carefully, it made clear that prices were "almost back to their 1989 highs."

Zero return for almost ten years (and, ignoring taxes (and depreciation on property with a structure on it)) is not my kind of "great investment."

Jon.