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

To: TheStockFairy who wrote (57710)	4/7/2006 10:46:30 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 110194

All : If one were to hedge against the housing bubble, what is the best way to do it? Buy long-term bonds? Or Gold? Or gold stocks? Or something else? Any ideas anybody?

To: TheStockFairy who wrote (57710)	4/8/2006 12:26:36 AM
From: shades	Read Replies (1) \| Respond to of 110194

The carrying cost of a McMansion is a bitch, around here 2.5ish% of $1,000,000 for taxes. On top of that, heating and cooling plus lawn, ect. I remember reading some article in 97 or so - it was some condo development in asia - beautiful construction - fountains, immaculate awesome landscaping, italian marble - and grass was overrunning most of it - the fountain was turning green with algae - hundreds of millions lost - no one moved into the development. All that work expended for NOTHING. It just sat empty for years I suppose. What some claim are gonna happen to a lot of condos here in the USA. One of my friends needs to make $80,000 per year to support his home alone, Holy COW - thats over DOUBLE what Elroy Jetsons housekeeper needs and she is an international traveler! I am certain your friend can live on A LOT LESS.