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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 (91143)	10/2/2007 5:42:39 PM
From: neolib	Read Replies (1) \| Respond to of 306849

I'm still searching for why a superior system is not used by any country today, other than the obvious one, they would be uncompetitive if they tried. Please remember that we shifted away from the gold standard. It was at one time fairly common. It has been abandoned. Thus you cannot claim that it is not used today because it is somehow esoteric and few are enlightened enough to give it a try. Anyway, we seem to be beating this to death and it is mostly OT for this board. I'll leave you with one last thought on the subject. I've noticed a very significant trend in the S. Bay Area where I lived in the early 1980's - 1990, and still visit often. Most of the older housing in Palo Alto, Mt. View, & Sunnyvale has been nicely fixed up or replaced with new housing. This is a result of inflating RE prices. People take care of things that they think are valuable. It is just one example of how psychology is an important factor in monetary systems.