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[schong719]

Jim Rogers made the following comments on real estate prices in the US:

Date: Aug. 26, 2006 Cavuto on Business of Fox News.

Jim Rogers: [Real Estate] Prices in Nevada, California, Arizona, Florida, Massachusetts are going to go down a lot – thirty, forty, fifty percent. But in some parts of the country prices are going to go up. When these bubbles break, prices go down a lot. In California fifteen years ago people were mailing their keys back to their bankers because they couldn't pay the mortgage. That's going to happen again. But in other parts of the country, prices are going to be going up. If you are in a place that's got a good economy – in agriculture or mining – your house is going to go up.

[think]

He is dang right. RE mkt falling already started and will only getting worst, in Oct'06 will be offically crash and will be worst than last.

Jim is an investment genius although many of his predictions never materialized,

[schong719]

Could you please give us some examples of the predictions of Jim Rogers that never materialized?

[schong719]

Jim Rogers on Real Estate

September, 2006

It's location, location, location. Some houses in America will go up and some will go down. The fact that the press is full of this now means we may even have a rebound. When the UK went through this, the UK had a big bubble, sales there went down and everyone talked about prices going down so they went back up.