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To: jrhana who wrote (25409)12/11/2003 10:50:15 PM
From: gold$10k  Read Replies (1) | Respond to of 39344
 
<<I mean who knows but this real estate (and stock market too come to think of it) crash sure has not arrived yet.>>

I'm thinking 70's rather than 30's because from the depression they learned not to tighten the money supply and make things worse in a way that is obvious to the general public. Easy money gives a 70's scenario in which the DOW kept coming back to its previous high (and even a little above) after a 20-30% dip...

home.earthlink.net

but an inflation-adjusted chart shows the real bear market damage.

home.earthlink.net

The same may also be true in real estate... the price is the same in dollars, but the dollar is now worth 30 cents.

vt



To: jrhana who wrote (25409)12/12/2003 1:07:58 AM
From: Eva  Read Replies (2) | Respond to of 39344
 
John
<Both markets are intensely supported by international buying. the cheap dollar gives a tremendous underpinning to these markets>

Well, may be you are thinking of South American buyers in the Florida region, but otherwise, Europeans starting to shy away from anything which has a US $ sign on it, is in the States etc. Same goes for Canadians and Asians, I mean, really, who wants to have a second property in the States at this time?
Who in his right mind wants to live here with you crazy folks anyway -- vbg
E