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Bob Wallace - Ho Ho!

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June 21, 2004

There are a lot of thing I don't know, but one thing I do know are houses. My father was a general contractor all his life, his father was a carpenter, all my relatives are contractors, and I built many a house starting when I was 12, and ending in my 20s when I finished college.

I know houses, and because I know them, I know there is a boom right now, one that will be followed by a bust. I wouldn't be surprised if houses in some areas dropped by 90% in value. I just don't know when.

Ho Ho!

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