Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (77875)	4/17/2008 4:52:02 PM
From: koan	Read Replies (1) of 116555

Elroy: Are you actually suggesting that people who want a home in Beijing or Dubai will instead buy a home in America? How else will housing demand in these other locations dribble down to Alaska and inflate prices in "your town"? We had really bad inflation in the 1970s and home prices tanked. koan: no, I am not saying that at all. I am saying population growth in general will help the housing market, unlike Japan, and I am saying peopel are going to go to alaska to look for work and that will increase our housing needs. Alaska did not have a lot of sub prime loans to begin with. MWe mostly just made loans to people who needed a place to live-lol. And we had little vacancy or overbuilding. No lots to overbuild on! So even a small population increase affects us. 1970's had sky high interst rates. Apples and oranges again. We have historically low interst rates right now! With a low dollar. There will be soem foreign invesment in the US given the dollar exchange. Like in New York.

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