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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Silver Super Bull who wrote (15022)	7/1/2002 10:04:38 PM
From: Little Joe	Read Replies (1) \| Respond to of 36161

I am almost sorry I posted my comments as I think this is mostly off topic. But my original point was that I was skeptical of the so called real estate bubble because everyone was talking about it as though it were fact and that bubbles are typically not recognized by the mainstream media until after they broke. I am not arguing that real estate can't crash, but that it is unlikely to occur now. I believe the fundamental reason is that the Fed will continue to print money until they drive the value down to zero. I don't think the depression scenario is right I think it will be inflation. If the government has to start sending tax refunds to everyone in America to stop deflation they will do it. I do not believe that there will be a depression - at least not until after some hyper inflation. Little joe

To: Silver Super Bull who wrote (15022)	7/2/2002 10:52:23 AM
From: terry richardson	Read Replies (2) \| Respond to of 36161

deadbull: Re your post: <"I can't speak for Canadian real estate. But I read that in Chicago, the residential real estate market, in the last twenty years, has averaged AT LEAST a 1% gain annually. If that type of performance doesn't lend itself to complacency to real estate price risks, I don't know what will. And the amazing thing is that Chicago is not even near the most overvalued real estate in the U.S."> Call that a rise in prices?? 1% annually doesn't keep pace with inflation. Now in the UK we really know how to boost prices. A quote from a recent Daily Telegraph article: telegraph.co.uk <"House prices rose by a record margin last month, exceeding even the peaks of the 1980s boom, figures showed yesterday. The Halifax, in its monthly survey of the market, calculated the rise at 4.2 per cent, compared with the previous record of 4.1 per cent in July 1988. In the past 12 months, the average house price has risen by 18.5 per cent..."> That's 4.2 per cent per MONTH. Every time I think I have enough to go back and retire to a nice house in the country they do this. I think it's personal (grin) Regards T.