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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (4594)	3/3/2008 9:18:23 AM
From: RockyBalboa	Respond to of 71447

Sign of the times forgottendetroit.com Amazing pics and stories. Check out the michigan central.

To: Real Man who wrote (4594)	3/3/2008 1:11:46 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71447

It will take me a lot to convert. I´ve been a boneheaded bear for about a year and a little and given the current state of affairs there´s little which would change my mind. Like in stocks in a weak scenario where perennial dogs or penny stocks dont show any performance regardless how cheap they are... Detroit housing is in certain terms the penny market of RE (save for taxes and maintenance). Betting on a rebound does not work very well in penny markets; except for the few 1000% lottery wins. You can be lucky and pick a very cheap house in relatively stable area. So if you buy 20 houses scattered over Detroit, one or 2 could perform. Not sure whether it performs in time and significantly enough to make you whole on the outlay and maintenance of all other houses. On another note, there is no money going into the most obvious undervalued assets, because of the spiralling uncertainty. Like others I thought at least three times that things would go up but that was short lived. Value stocks became value "traps". I am not even sure whether the feds come in this week and burn a little more wood. They may even abstain from another rate cut as they slowly realise that rate cuts dont always work. And for me it is pretty evident that they failed this time.