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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (244)7/21/2003 5:43:04 PM
From: Little Joe  Read Replies (2) of 110194
 
I agree it has not, but that is not the issue. The point of contention was "is real estate a hard asset" I think it is and will appreciate markedly if they get the inflation going. Russ, I remember buying my first home at the beginning of a strong real estate market at 24,000 and selling it less than five years later at 65,000 it nearly tripled in less than five years. Was that a bubble. I don't think so, because that home is worth about 200K plus or minus today.

Little joe
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