From: "Don Zimmerman" 
Newsgroups: misc.invest.real-estate
Subject: Re: California is headed for a massive real estate crash in the next 12  months and it's inevitable.
Date: Mon, 19 Apr 2004 02:20:31 GMT

"Boob"  wrote in message
news:40832571.F8E16BDA@novunder.nut...

> Dunno what the original poster might have to say about it, but
> that is for sure *NOT* what you're going to hear from this old
> stock trader who is looking at real estate *after* the crash as
> a possible application for money no longer desired in the rigged
> and manipulated (too) hyperinflated and in many cases de facto
> bankrupt market for stocks.  >

>  No, stocks and mutual funds are not currently an alternative
> to real estate.  Neither is that silly yellow stuff that the
> gulled buggeroos are perenially and perpetually hyping (they call
> it goaled or some such nonsense but it's total fiction already
> priced radically above any economic value).  You might consider
> good old Choices And Stupendous Hagglepower (cash) for awhile.
> Sometimes it's a sensible thing to hold when everything else is
> totally beyond the pale.

Around here, back about 1998, a lot of mutual fund salespeople were saying
that real estate is dead and stocks are the coming thing. Some were actually
advising people to take out home equity loans and put the money into mutual
funds and income trusts for better returns. That was just before stocks
crashed. I wish I had sold my stocks then and put all the money into real
estate. Today, when you hear someone saying the real estate bubble is about
to bust, to paraphrase Anonymous Banker: "Remember to ask yourself this
question about those who say there is a real estate bubble: What's their
bias?"