Quote:
Originally posted by Monk@Nov 8 2002, 09:35 AM
Real estate is in a bubble that is about to burst like the stock market did/is. Not saying there might not be some good deals out there but what seems like a good deal today may not seem that way in a couple years.
|
Unlike the stock market, there isn't just one real estate market, each region has it's own. In the 80's San Franciso was going like gang busters because of high tech while Houston was in the dumps because of oil. Now with the dot bomb S.F. is having hard times.
Diana and I are both in S. Florida, where vacationers and retirees drive the prices. Unless people stop vacationing or retireeing here, I don't see the market bursting. And with the baby boomers starting to retire, I see a strong demand for the next several years here. Other areas are driven by different factors and will react differently.
__________________
Programer available: C/C++/C#, PHP and MYSQL, Windows and Unix. Experience with video, photos, web site development, custom browsers and data collectors, games, etc.
ICQ 321 950 261
Email: webmaster @ rgt4.com
|
11-08-2002
Threaded Mode
