Replies to post #2561 on Value Microcaps Motherboard

[lentinman]

death: OT:

You wrote: "When you start moving up into the 400's and up... the 20% is not happening."

Well, it's BEEN happening - or at least pre hurricane, it was. As I presume you recall, I was there for 2 months last summer. The entire time (including several months prior) I spent researching the markets and the appreciation of the markets. Frankly, along the sun coast south of Tampa, the upper end had appreciated at a greater percentage than the lower end. That too is evidence IMO of a bubble. You get more profits selling a 500K house that escalates 50% than a 200K house that escalates 50%. However, I felt that when the hurricanes hit, it could (not necessarily, would) cause a fundamental change in the way people viewed FL. That may take a year or two to work itself out and there is more risk of hurricanes in 2005. But, overall, I believe the area from Bradenton to Naples has excellent long term potential. If there was a major economic disaster for about a year and maybe 3 or 4 more hurricanes, I would be back there buying. Of course, I hope nothing bad happens anywhere.

Len