Some of you (me included) might enjoy this a bit.

Last night on the 6 PM local NBC News, a spokesman for a major commercial realtor said the following: “.COM is now .GONE”! He went on to explain how Real-estate prices had been driven up by the .COM companies during the past two years. Commercial space is higher than in Manhattan. Since they had venture capital (a lot of money and did not know how to spend it fast enough) they would offer 2-3 times the asking price to get what they wanted. This drove up the prices. .COM companies started renting and leasing houses, apartments and flats. This drove up residential prices dramatically. Now, many of these .COM companies are no more and there are vacancies available. The spokesman went on to say it would be a year or two before the prices of homes came down. Just think – in a year or two you may be able to purchase a 900 square foot 100 year old San Francisco home for less than 1.2 million!

Tom