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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 11 Jun 2005 12:19:21 -0700 /

Author of the message: "Steve"

Title of the message:
Re: Lauderdale Bloating

Text of the message:
Ok tyron, you're blowing your credibility with your uninformed
liberal-banter now. Most agents aren't low-lifes, lets be fair. But
they are manipulitive. And it is in their best interests to feed the
fire. The entire real estate market is driven by fools, but there are a
lot of them. Imagine if a stock's price went up just because one idiot
overpaid for it. Lets face it, there are few harvard graduates in real
estate. The example with D'angelo and the Las Olas Grand is a classic
one. First, why is he the only one with listings, particularly when the
building isn't even open for resale yet? He owns a high floor "ashley",
and the prices on his listings are climbing monthly even though I doubt
anyone is buying. He's got high floor champagnes listed at over $1
million, where they were $825K in April, when the only comp in the
area, high floor lexingtons in the Riverhouse, aren't selling at $850K.



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