Zeev's Turnips Patch-No Politics (ZEEV)

[Benj]

Augieboo,

I don't thinks a 20% decline in realestate prices should be concidered doom and gloom, except for those who just recently bought. N.Cal is dropping both in the price of realestate and rentals but the event should be looked upon as a necessary balence in valuatiion. A 12% unemployment rate and a mass exoduse of folks leaving to go back to where they came from is not a bad thing but a realistic occurance to restore the prospects of economic sense. The envelope can be pushed only so far you see.

JMO

Benj