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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (19559)12/26/2004 10:16:57 PM
From: Rational  Read Replies (3) of 116555
 
Even after 18-years of falling real estate prices in Japan, their current levels for comparable homes are astronomically higher than those in U.S. The American real estate prices have a long way to move up in terms of dollar which is floating on thin air. The fall in US$ will make American real estate values in terms of US$ go up much higher.

My theory -- that there is no imminent secular collapse in American real estate prices -- has not gone wrong at all! In fact, it is being proven right every passing day by rising real estate prices across the U.S.
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