Tuesday, March 01, 2005

The New York Times > National > Speculators Seeing Gold in a Boom in the Prices for Homes

This easy money scheme along with the firing of a prominent Wall Street REIT bear and the Saturday op-ed by LAT editor Michael Kinsley leads to the conclusion it is 1999 all over again.

Also, in Port Chester, NY, a condo development went up but isn't selling . This is a signal that the market is glutted and soon the music will stop.

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