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


To: sea_biscuit who wrote (90182)1/6/2008 12:34:23 AM
From: Pogeu Mahone  Read Replies (1) | Respond to of 110194
 
you have eaten some poison dog biscuits if you think that is possible.
housing iiiiiiiiiiiiiiiiis deflating. right here right now, no stopping it,
How can you move the inventory as 75% of the buyers have been disqualified by the new mortgage regulations.
Only One Answer.
Oh there is only 4 or 5 years of inventory or worse.
Yes i have bet heavily on gold going up and housing going down.



this is not rocket science
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And if the Fed is successful in reflating the economy, house prices might stay more or less flat even as inflation rages. So, an 800K house that can sell for 1000 ounces of gold today will sell at 700K a few years from now but that will take only 200 or 300 ounces of gold then.