WHEN TO SELL AND CASH IN THE CHIPS

[Steven S bond]

Funny thing happened around 2003-- by 2006 i was selling

- real estate price appreciation was abnormal

- Banks started lending money to anyone including non citizens no doc loans

- Lower income people moved in my neighborhood in droves

- the local mortgage office had a tinted black front window 

- i am seeing a new strange visitor-- the newly minted chinese millionaire that has illegally sent his money to the usa--- they are bidding with bags of money and overpaying for the real estate--- this is another disgrace of this country not following its own laws.

- Pay particular attention to california and ny