Elroy, i don't think anyone is claiming that housing will turn on a dime, rather, that other things will go up in price.
like food, energy, gas and everything else around that is *already* going up in price.
eventually, housing will inflate, too, but it will be from lower valuations relative to everything else.
this isn't necessarily a short term theme, but long term, rapid inflation looks very reasonable.
our debt load is rising astronomically fast, about as fast as our credit worthiness is decline, hence, the printing presses are running.
we aren't that far away from a point where government is financed by the printing press. no printing press = no government.
if so, the devaluation of the dollar will be immense, as will inflation.
you probably have some time to play the deflation game, but it won't work longer term, imho. |
