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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (91837)3/4/2008 12:28:11 PM
From: Riskmgmt  Read Replies (1) of 110194
 
And you agree with the deflationists that home prices continue going down long term in this scenario even with our twin defecits, MZ 15%+ growth,Chindia ect? Sorry makes no sense to me long term unless real estate has taken on the characteristics of a paper asset. It was artificially inflated during the bubble from excess credit and acted like a paper asset to some degree but that is now ending.. Seems like property now in much of the US is way undervalued in relative terms compared to much of Europe, Argentina, Brazil ect.. Something sure has to give and these are confusing times..

John, been doing a lot of traveling lately and comparing prices in other parts of the world i came to the same conclusion.
Considered following Jim Rogers in a move to Singapore but that place is in a RE bubble, up 50% in 2 years, asking $1,100-$1,500
per square foot for anything half decent. Hong Kong is even higher. Europe? Forget it, unless you want to try something in an eastern European country where you will have to learn a language you will never use outside of it.

I have friends in Europe and HK asking me about buying in Miami beach.
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