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I don't think anyone is whining. I believe
that most on this site probably own their own home and are participating in this
boom. Like stock or futures, when is a good time to trade up or down
or just buy a put. I feel it is time to hedge the housing boom and there
are dozens of ways to do it.
Ira.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
Goncharoff
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, July 25, 2004 5:34 PM
Subject: Re: [RT]
For those who want to understand housing, and not just whine
about it:<A class=moz-txt-link-freetext
href="">http://www.frontlinethoughts.com/article.asp?id=mwo070204<A
class=moz-txt-link-freetext
href="">http://www.frontlinethoughts.com/article.asp?id=mwo070904RegardsDanGmr.ira
wrote:
The housing boom must be near an end.
There was an article in today's paper about people lined up 2 days in
advance, living in their cars, in order to buy homes that start at
$900,000. The average price of homes here is going up about $3000 per
week. Last week the average price was $500,000, today it is
$503,000.
The housing market here is like the stock
market in 1999 and 2000. I don't think the housing market will fall to
the same degree as the stock market did, but a 20% drop will hurt a lot of
people. It will also reflect upon some commodities, housing stocks and
housing related stocks.
Of course there is no inflation. Just ask the government.
Have a good week end.
Ira.
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