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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (7913)	1/6/2003 12:27:53 PM
From: MSI	Respond to of 306849

for the majority of baby boomers, the social safety net would not be there when they need the most. Fegeddaboutit. Gov't continuing it's predatory position in the economy will be the main battle for boomers, how to avoid being sucked dry, while protecting remaining assets from "musical chair" changes in the economy and legislation. The poor will be forced to accept gov't benefits or military service in lieu of any effective jobs policies. Everyone in between will just watch their standard of living decline. The only way out for the gov't is inflation, which the elite doesn't like, so it'll have to wait until everyone w. major assets has xferred to inflation-protected classes, away from stocks into hard assets like r.e. and commodities. Probably after the '04 election, when another several trillion of Reagan-like debt can be added and then discounted by inflation, which also ratchets up taxes. Housing will go thru the same Carter-type stagflation scenario with the invention of more techniques for avoiding down payments and high interest bank rates by private financing. Good grief, I can't wait to see the costs of developing housing in '04! With added burdens from local, city, county, state and feds, it'll be impossible, along with lower incomes and higher interest rates, to sell anything more expensive than plastic and cardboard...

To: RealMuLan who wrote (7913)	1/6/2003 12:35:20 PM
From: MulhollandDrive	Respond to of 306849

i skipped ahead and saw msi's response... i pretty much agree with this: Fegeddaboutit. Gov't continuing it's predatory position in the economy will be the main battle for boomers, how to avoid being sucked dry, while protecting remaining assets from "musical chair" changes in the economy and legislation. The poor will be forced to accept gov't benefits or military service in lieu of any effective jobs policies. Everyone in between will just watch their standard of living decline how to avoid being sucked dry will be the primary objective...i think a whole lot of people will be looking at more and better ways to "hold onto" money rather that "making money"...