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To: orkrious who wrote (60317)	11/23/2002 5:59:22 PM
From: Win-Lose-Draw	Respond to of 209892

what happened in postware germany is that "safe" real estate increased in value, er, i mean price, dramatically. then there was regime change. then lots and lots of "safe" real estate was confiscated. the biggest problems with real estate are (a) lack of portability and (b) most easily converted into the very bullsh*t currency you're trying to avoid.

To: orkrious who wrote (60317)	11/23/2002 8:20:22 PM
From: Mike M2	Respond to of 209892

Ork, ingrimayne.saintjoe.edu historylearningsite.co.uk hyperinflation in China libertyhaven.com

To: orkrious who wrote (60317)	11/23/2002 8:43:59 PM
From: Mike M2	Read Replies (2) \| Respond to of 209892

Ork, wages haven't kept up with RE prices in the bubble areas. There are many competitive pressures keeping wages in check. Rubins strong dollar ( gold suppression) has accelerated the loss of manufacturing jobs. I suspect that unemployment is greater than reported. In the early 60s an average worker could pay his mortgage with one weeks pay from one paycheck. Today it takes a bigger bite from two paychecks to pull it off. I think in the early 90s mortgage rates were 9% now we are under 6% - in that time home prices in the greater NYC area have risen 80-100% or more. The US gov't can print money to pay its debts but the private sector cannot - the private sector is heavily in debt. The best days of debt fueled consumption are over. Mike

To: orkrious who wrote (60317)	11/24/2002 1:09:28 AM
From: Perspective	Read Replies (3) \| Respond to of 209892

It's all in where the inflation takes place. The past decade witnessed asset inflation. If the Fed resorts to a dollar devaluation to stop deflation, the primary effect is inflation in imports. It takes more dollars to buy that BMW or Toyota, or those cheapo imported clothes and plastic goods we all consume so much of. Since most RE trades hands without any international influence, there is little direct effect on RE pricing. If anything, a dollar devaluation could pressure RE prices downward in two ways: 1. capital flight could pressure interest rates higher, reducing affordability 2. inflation in imported goods leaves fewer clownbux to chase RE BC