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

To: Elroy Jetson who wrote (26133)	12/17/2004 7:25:43 PM
From: Amy J	Read Replies (3) \| Respond to of 306849

Thanks for the explanation. The proposal is to trust only 16% with bonds or stocks, of a person's own choice. RE: "Now America proposes to trust their retirement to stock, bonds and annuities again, which will provide exactly the same results they provided in the last Great Depression." Only 2% of gross goes to bonds or stocks, of a person's own choice. RE: "Australia learned from America's foolishness. They invest the money for their fully funded retirement system in infrastructure investments with low levels of debt. Even in a large economic depression Australia's investments in Toronto highways will still collect tolls" Australia does seem to have much better management of their finances and debt. It's impressive. I checked out the ciafactbook on Australia and everything was very impressive. The only thing that concerned me were their imports - they recently had a current accounts shift this year that created some debt. A country can be perfect economically, but if its citizens want to buy products from overseas, this has a way of hurting a great country. So that gave me some pause. I didn't know how to interpret their risk on that. (I realize I'm changing the topic a bit here, but since Australia came up, thought I'd mention it.) I really like Australia's finance other than that one small detail. Do you have any thoughts on that item? RE: " America has not learned from America's experience, and is doomed to repeat their mistakes endlessly like a moron stuck in a revolving door." Probably true. I think moving a portion would be okay, but the entire bit would be a bit risky. On a different note, those families that bought art during the Great Depression did fabulous after it ended. The rich got richer in some cases. The art exhibit in Dallas is filled with donors that bought their artwork during the Gr Depression for 1/10th the value that appreciated by 10Xs only 10 years after they bought it. Amazing. Makes you realize you can do well, if you buy the right investments during a downturn. (I personally wouldn't buy artwork since that's hit or miss, but the point remains.) Buying housing stock after the real estate market is in the complete dumps for a few years might be a good idea. Regards, Amy J