From: user@127.0.0.1
Newsgroups: misc.invest.stocks van.general misc.invest.real-estate
Subject: Re: Closer to bubble pop
Date: Tue, 31 May 2005 02:25:51 GMT

On Mon, 30 May 2005 20:50:34 -0400, maxfoo  wrote:

>On 30 May 2005 16:29:10 -0700, "slinthicum"  wrote:
>
>>I am likewise concerned with what you are pointing to.  Of interest is
>>an article I read today titled "Appraisal Fraud: Your Home at Risk,"
>>that can be found at:
>>http://money.cnn.com/2005/05/23/real_estate/financing/appraisalfraud/index.htm
>>
>>What we are seeing certainly justifies a more conservative approach to
>>real estate investing.  Like you, I've been around long enough to
>>recognize that histry repeats itself and this is not the time to
>>purchase residential property utilizing an adjustable rate interest
>>only mortgage with little or no equity.
>>
>>Kindest regards,
>>
>>Steve Linthicum
>>Professor - Real Estate
>>Sierra College
>>Rocklin, CA
>
>Isn't California overdue for an earthquake? 
>That should level off real estate prices one would think.
>
>
and it would create jobs for the building industry to rebuild.