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

To: Real Man who wrote (4651)	3/6/2008 10:49:43 AM
From: stan_hughes	Read Replies (2) \| Respond to of 71442

Maybe, but IMO you'd still be way early. It will take an awfully long time to clear the RE market of the volume of excess inventory that presently exists, especially in an economic climate like this, perceived value or not. A lot of people that bought houses in the early stages of the decline leading into the Great Depression probably thought they were striking a pretty good bargain too, i.e. beware a rise in unemployment that extends the suffering period IMO if you firmly believe in the "BB has to print" scenario you should stick to the gold and forget about the RE for a few years -- then maybe do some swapping

To: Real Man who wrote (4651)	3/6/2008 11:35:56 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 71442

Vi You said >>There is a limit to any distress. A house like that will cost north of $150 per square foot to build, and that cost won't come down any time soon, with Ben's foot on the monetary gas pedal. So? It IS cheap.<< I agree with this, but then this next part would seem contradictory? >>No way I would shop in CA, DC or South FL. Chicago and NYC also seem expensive. You could be buying for 1/4 of cost to build in Michigan. IMHO.<< Generalities don't work well in Real Estate, there are some properties in So. Florida that can be had for below cost to build. Someone posted listed 3/2's starting at $79,900 i believe one was 1,800 sq ft. I'd like to see someone try to build that for it's asking price. Not much downside.