Real Estate speculation/Easy money from Alan "Bubbles" Greenspan has much to do with it! Have they "repealed" the Boom/Bust Cycle??
From the STUOF board:........
Posted by: Jack Weaks
In reply to: piranhas2 who wrote msg# 2175 Date:5/27/2005 7:20:15 PM
Post #of 2180
I hope that it is as good as what is going on with Real Estate here in Vancouver, WA. The 20 Acres next door were offered to me for $65,000 12 years ago (I passed on it). Three months ago a fellow paid $760,000 dollars for it (I said wow!), yesterday after owning it for 90 days he sold it for $4,000,000 (I craped my pants, excuse the thought). NO Bull in the story, but it sure is bullish…
Have a great weekend!
JW
Rogue