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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (77874)	4/17/2008 3:38:39 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 116555

Are you actually suggesting that people who want a home in Beijing or Dubai will instead buy a home in America? How else will housing demand in these other locations dribble down to Alaska and inflate prices in "your town"? We had really bad inflation in the 1970s and home prices tanked. .

To: koan who wrote (77874)	4/17/2008 3:59:04 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

Let's see . . . << food inflation makes breadbelt property more valuable and I'll bet it is rising right now. >> I'd bet you're right. And I'd bet you can guess where farm land prices (aka breadbelt properties) are headed back down to next. A repeat of 1981 to 1986 is in store, as the RED line once again meets up with the BLUE line.