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

To: The Wharf who wrote (4666)	3/6/2008 4:01:58 PM
From: Real Man	Read Replies (1) \| Respond to of 71450

RE is of course very risky. However, I don't believe prices below cost to build will last for a long time. Once current inventories of new homes are worked down, you won't see them anymore. Thus, I'd expect a double on one of those in a couple of years. If you buy a foreclosure now for 1/2 cost to build, your only risk is a global depression and a crash of commodities, so that deflation takes hold and prices come down. It's possible, but not entirely likely, given "to hell with inflation" policies. Now, prices way above cost to build (in some areas) will come down, of course.