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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (5516)	4/24/1999 10:21:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 81802

Darleen, Since so much incredible wealth has been created in S. California from the technology boom, wouldn't it make sense that real estate would rise in price to match what the market can bear? Prices for real estate went up in Redmond, WA over the past 10 years as well. I wonder why? <VBG> Real Estate in Silicon Valley has been expensive for decades. I had a friend whose Uncle lived in Palo Alto for twenty years before the technology boom there and had seen his property value triple in that period. And for ever real estate boom in one part of the nation, there is a real estate bust in another. Ask the agriculturalized regions how much value they have seen added to their farms. Now Eric Parde has brought up the valid point that the cost of wood has skyrocketed, but much of that is from lack of available supply due to inability to meet demand from the nouveau riche buying their first home. This is inflationary no doubt, but only in that sector. Darleen, I would certainly admit that were the rest of the world in sound financial and economic health, the US economy would be way overheated, but since that's not the case and likely won't be for at least a year or more, gold will likely continue to be under pressure (minus a major war which is always a possibility in time of recession/depression). Regards, Ron