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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (15698)6/2/1999 10:43:00 PM
From: bobby beara  Read Replies (3) | Respond to of 99985
 
>>>>IN NYC for example $500K+ apartments go up 10% to 15% in a month now due to the eagerness of buying. I know people who went to contract and before closing flipped it for 15% gain in less than 5 weeks.<<<

Haim, i beleive for the mega bubble to burst we need a real estate bubble to go with the stock bubble, as it did in the 80's.

In SoCal, Real Estate has recovered from the 90's lows but has in no way shown any type of excess here. In order for the Prechter bubble top i think we need both (gotta include the left coast -g-)

We need to build a bigger building in Las Vegas or New York, then we can go 300% short -gggggggg-