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

To: lifeisgood who wrote (105412)	2/16/2008 7:52:20 PM
From: bentway	Respond to of 306849

"I live in the midwest now. The midwest too has experienced the effects of overleverage and easy credit. It didn't necessarily show up in inflated home prices." I think everyplace in the country did, in different ways. How many marginal people are in homes that with normal terms, 10, 20% down, fixed rate, that they normally could never have qualified for? How many are sweating the next rate reset? A lot I think, everywhere.

To: lifeisgood who wrote (105412)	2/17/2008 1:07:01 AM
From: RJA_	Respond to of 306849

>>Ultimately, things we buy (homes, farmland, etc.) must be priced according to income level. Yup. In this case the gross income of farmers. Same since end of October last -- 3.5 months: stockcharts.com stockcharts.com >>I recently sold inherited farmland for $4000/acre. That is insane when considering that the same land sold for $600 - $800 10 years ago. POG over 8 yrs: kitco.com These are indicators of hyperinflation... If this turns out to be the case, insane will be those who sold farmland. I would rather not see this, but for ben the value of currency does not seem to be high on his list. When currency looses value, tangibles (especially useful tangibles) including farm land go up in value. I would rather not be right on this, as the end game gets very ugly.