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

To: Mike Johnston who wrote (34908)	7/6/2005 1:28:33 AM
From: CalculatedRisk	Read Replies (4) \| Respond to of 306849

Home Sweet Office Tower nytimes.com DALLAS - The condo and apartment conversion craze has hit a wall here - a sleek corporate wall of smoked glass and cheap steel girding. It was bound to happen. Across the country, buildings with character - old garment factories, warehouses, Art Deco skyscrapers and Beaux-Arts firehouses - are being revived as condominiums and loft apartments as cities try to draw residents back to their core. But with that historic stock depleting, developers are now turning to uglier candidates for condo makeover: moribund office towers. <MORE> Unreal ....

To: Mike Johnston who wrote (34908)	7/6/2005 5:37:48 AM
From: shades	Respond to of 306849

Right - the zeroes on the paper stop mattering - it is the hard assets and REAL wealth that will determine if you are rich or poor, does history back your theory on pieces of paper from large economic powers and not just small economies? Do the currencies keep increasing until they just collapse - or do they increase and retract in cycles? Spain used to be the global superpower and the reserve currency - then britain - today the USA - did the spanish and british currency just collapse totally or retract in purchasing power slowly?