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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (20454)	10/21/2004 11:44:37 PM
From: benwood	Respond to of 110194

"Also, even if one owns one's house outright, one must still be able to service the land tax, heating bills, electricity bills, etc." Amazingly, these add up to more than 1/2 of our 15-year mortgage payment, partly thanks to the $150 extra per month for heating oil this winter. I think the rapidly escalating taxes in larger cities to support the aging and massive infrastructure will start driving people back to smaller towns in 10-15 years.

To: glenn_a who wrote (20454)	10/22/2004 1:41:48 PM
From: jrhana	Respond to of 110194

Good points. My post was in the reference of an extreme scenario of runaway inflation (worse than the 70s even if not at a 1920s Germany level). Real estate may go down some (but could also go up) in real terms, but would certainly hold some value. In nominal terms, most real estate, IMO, would gain substantially. It would hold value much better than a dollar bill for instance. For sure, other possible scenarios bandied about and also quite possible might be much worse for real estate. Message 20675337