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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (50121)	5/17/2009 2:35:49 AM
From: elmatador	Respond to of 217910

Memory. A population as a whole has a memory of its economic situation. The guy who was poor always switch the light when leaving a room even if he can afford leaving it on behind. That will become passé as the new generations who have not suffered poverty in his youth do not have that in its memory. Inflation also leaves memories as people thinking that prices being jacked up and salaries and contracts readjusted for inflation is part of the economic life. Wastrelism leave a memory in today's generation as they grew up thinking debt is as natural as daylight, air, the wind and rain. That debt memory will only be erased in 20 years as a new generation grows up not knowing to leave in debt.

To: TobagoJack who wrote (50121)	5/17/2009 3:11:32 PM
From: Riskmgmt	Read Replies (2) \| Respond to of 217910

When I consider the size of the American economy and the freedoms that we still enjoy. I have to ask myself if I was to own Property anywhere in the world where would I feel it would be safer? I can not think that Europe would be better, in general, because for the most part they have more restrictions, more socialism, rent controls, etc. South America and Asia can be unstable, think Argentina, Thailand, Malaysia. Smaller areas HK and Singapore maybe, but HK only sells leased land and in the future who knows? Singapore's government has a subsidy on apartments for Singaporeans, hardly a free market. I think for all the problems here in the USA and I am not in denial about the fact we have major problems. However, so does everywhere else. Longer term once the imbalances are shaken out American real estate looks like one of the better assets to me. BWTFDIK. :}