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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jazz_lover who wrote (94161)5/12/2008 3:36:46 PM
From: sea_biscuit  Read Replies (1) | Respond to of 110194
 
I disagree. If the house was sold for 200K more, somebody has run away with that 200K. The money is out there. It has not gone to heaven.

And if the owner of the house held it all along as it went up 200K and then down 200K, he didn't benefit in any way from the price rise. Nor does he benefit from the price decline. All he sees is the price increases for the milk, vegetables, rice, wheat etc.



To: jazz_lover who wrote (94161)5/12/2008 4:34:34 PM
From: sea_biscuit  Read Replies (2) | Respond to of 110194
 
I think he's saying the big picture shows a net deflation. The loss of 200K far exceeds the small amount of inflation a person pays in food/gas costs.

My reply to that is the story of the statistician who said that if one of your hands is immersed in freezing water and the other hand is immersed in boiling water... on the average, you are comfortable! :-)


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