Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (390)	12/16/2007 11:26:48 PM
From: JF Quinnelly	Read Replies (1) \| Respond to of 621

Interesting piece arguing for deflation by our pal Mish: globaleconomicanalysis.blogspot.com I'd like to own some nice USA properties, but I would like to see 50% price cuts Get your cash ready. You'll be getting a chance at exactly those sorts of haircuts in SoCal, maybe as early as the end of 2008, and certainly by 2011. The question is more when than if. Prices here fell as much as 40% during the '89 - '94 RE recession, and mortgages at that time were much more stable than the time bombs people are sitting on today. A reversion to the mean will take SoCal RE down 50% if not more.