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To: pogbull who wrote (207179)	11/28/2002 11:37:45 AM
From: At_The_Ask	Read Replies (2) \| Respond to of 436258

In the twenties we had deflation and the value of real estate as a whole plummeted. A few of the wealthiest people in my area made fortunes by buying up farmland from people who couldn't pay the taxes on it due to low commodity prices. Now they sell it for 250k a quarter acre for bulding mcdonalds and crap like that. In order to avoid deflation this time around they will hyperinflate, this seems the only way to stop the collapse of the debt bubble. I think that residential real estate may tread water or fall slighlty in real terms, but farmland will do well because of rising commodity prices. Kind of a pick and shovel play on the hyperinflation. Have you noticed the activity in agricultural stocks that has been mentioned on cnbs, And the big jump in farm jobs in the last employment report? I think something is afoot there. A reversal of urban sprawl fits in there somewhere. Perhaps because of skyrocketing energy costs. Just my wild ass guess.