The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ayn rand who wrote (23677)	10/21/2009 4:06:33 PM
From: benwood	Read Replies (1) of 71407

A crashing dollar will hammer in a nominal bottom in the real estate market. I wrote about six months ago that I was considering hiding in some RE transaction to get through the possible worm hole of dollar --> ?? although I'm not keen on owning another property. I've loosely thought that next spring would be the sweet spot. Prices in my area are going up recently, but I think that's a stimulus/future-taxpayer-robber bounce primarily. However, as the reality of the dollar's dilution hits critical mass, it could ignite a rather fierce exit from the dollar, and RE will probably be high on the list. Hope those buyers realize that their RE taxes will skyrocket though. I expect my junior minors to be the canaries, though, and one was singing a sweet song today (nsu).

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