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Message: RE: Here`s an Idea! - mguru - jh -- LL...John...Gil...

RE: Here`s an Idea! - mguru - jh -- LL...John...Gil...

posted on Apr 28, 2005 09:22AM

Wow. I have only been in CA for 3+ years now. I`ve never seen any market go through the growth curve this fast.

The LA Times claimed that only 23% of the people currently living in LA County could qualify for a single family home. Yet, they project a ``modest`` 10% increase this year. Unreal. And the more lavish Orange County prices are even more expensive. I wonder what all those people with $900K mortgages do for a living. At 6% / 30 yr + tax, that`s about $6400 a month in the northeast Orange, west San Bernadino county area.

Besides the Big One earthquake, the ``unmentionable`` market factor is also the chance, God forbid, of another 9/11 type attack. That would put a damper on most markets and possibly stagnate the US economy as well as send oil prices to the new highs and the dollar to new lows. However, just like EDIG, it just does not pay to worry about it.

Believe EDIG has a promising long term future? Then ride it out. That`s me. Its not that complicated. I believe Wencor has a clue and life is just too short to be a basher.

`ole Bob got it right with...these times are a changin`...

John

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