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

To: John Vosilla who wrote (91231)	10/3/2007 12:49:51 PM
From: oldirtybastard	Read Replies (2) \| Respond to of 306849

I'm just saying that devaluation may not lead to the intended increase in the intended assets. We were a manufacturing -farming economy then and the devaluation was intended to set a floor under those prices. Now we are a financial instrument - service economy where the floor on prices can be undercut to near 0 by idividuals since there is no real product except brain/computing time while houses are a naturally depreciating asset that probably won't behave as intended by the currency printers. Was just reading Babson's old book about inflation. I guess the smart thing to do now is buy a farm or a factory -g-