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

To: GraceZ who wrote (36042)	7/22/2005 4:49:44 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 306849

Consider that you've been continuously predicting hyper-inflation on this thread. If you really believed that you'd have been buying RE with both fists In my experience, i have learned that it is better not to make any predictions. Having said that, inflation is increasing, and if current economic mismanagement will continue, then yes, hyperinflation is very likely. I have no clue if it will happen or not, it depends on politics and fed policy, but it is highly probable that it will. As far as buying real estate with both fists, i am highly confident that in real terms housing is topping out. I don't know if CA bungalows will sell for 500K or several million in nominal terms, but with affordability at record lows and most of the demand from speculators, i think everyone who wants to be in is already in. Also, IMO leveraged homeowners will eventually get wiped out in hyperinflation. I have explained how it would happen on several occasions, if you would like i can post it again.