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Strategies & Market Trends : Strictly: Drilling II
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To: Little Joe who wrote (27320)2/3/2003 5:05:34 PM
From: Silver Super Bull  Read Replies (2) of 36161
 
LJ,

Sure, I can see some of your points. There are definitely shades of gray.

If it wasn't for the massive mortgage financing, I would consider homes to be hard assets. But given the massive growth of the mortgage market, in my opinion this paper has subjugated the "real asset" status of real estate.

Real estate will continue to be influenced more like a paper asset than a hard asset.

DB
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