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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 27 Mar 2005 11:18:11 +0100
/ Author of the message: sufaud |
Title of the message: |
Echoing the dot-com boom, many middle- class investors are
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Text of the message: |
Los Angeles Times THE NATION Putting Stock in Property Echoing the dot-com boom, many middle- class investors are rushing into real estate. By David Streitfeld Times Staff Writer March 27, 2005 SAN FRANCISCO ‹ Chris Boome, an insurance agent in the suburb of Burlingame, doesn't want to work the rest of his life. Who does? But at 58, Boome knows he hasn't saved enough to retire. So a few weeks ago, he revamped his retirement accounts. He sold most of the mutual fund shares and used the cash to buy an $83,500 chunk of land in the Nevada hills, a stretch of ground he had seen only in a photograph. "This is more exciting than a mutual fund," Boome said. "It feels safer too. You buy a piece of dirt, you feel you'll always have a piece of dirt." The astounding rise in home values is enticing many middle-class Californians to bet on dirt, gambling their retirements that they can do |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.