Replies to post #36334 on Value Microcaps Motherboard

[cliffvb]

CTON and FL real estate...Len, I do understand numbers, so how about instead of looking at your imaginary widget numbers, lets look at some real numbers in regards to the FL real estate market.

These numbers are average quarterly real estate sale prices for the state of Florida over the last two years. They come from the Florida Realtors Assoc. at
http://media.living.net/statistics/statisticsfull.htm

2003Q4 $169,200

2004Q1 $163,800
2004Q2 $181,300
2004Q3 $190,800
2004Q4 $191,300

2005Q1 $206,200
2005Q2 $232,700
2005Q3 $248,866
2005Q4 $246,100

Yes, prices did stabilize in the last half of the year 2005, but if you look at 2004, the same thing happened and then it was back to the races in Q1 and Q2 of 05. Prices also would have been higher in Q4 rather than Q3 except that July brought up the average price for Q3, while October brought the average down for Q4. At any rate, a 1% decline in prices from Q3 to Q4 is insignificant and could easily be attributed to damaged properties sold "as is" after last summer's hurricanes. Bottom line: There is no bubble that I can see in Florida. Price increases have merely slowed down to a more sustainable rate, compared to earlier this year. There is no need to sell CTON and GV and then run to the cold plains of Kansas that I can see.

[kozuh]

Len, I understand your brilliant point,

even if most of the girlie-men and ankle-biters on this bb do NOT !!!

You see, I was a Widget salesman in a previous life ... and a damn good one, too !!! ... the other life, that is.

True, your pearls are often wasted on the swine of this bb, but NOT on the Koz.