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

To: Tradelite who wrote (86077)	8/19/2007 8:40:04 AM
From: 10K a day	Read Replies (1) \| Respond to of 306849

>>why they didn't listen to history and the table-pounders who were telling them this happens<< I think this thread has already answered that question for you. (over the last 5 years. Quite eloquently i might add. )

To: Tradelite who wrote (86077)	8/19/2007 2:15:57 PM
From: Metacomet	Read Replies (3) \| Respond to of 306849

Long term, house prices go up. Has that been proven? That is of course the mantra that tripped up thousands of folks in the current debacle, but I don't know if it is true. What is absolutely true is that dollars inflate, or lose apparent value relative to all asset classes. In terms of houses, the price seems to go up, but it might just be the erosion in the purchasing power of the dollar. And in the current case, it may be that as a result of houses "going up" at a rapid rate, maybe we will see dollars adjust accordingly to reach a market clearing level. Maybe Coxe is right. The place to be is in gold.