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To: loantech who wrote (159083)5/18/2009 8:39:58 PM
From: Rocket Red  Read Replies (2) | Respond to of 312810
 
If and when the USA dollar heads lower with most currencies around the world you see the cheap homes get scooped up on the buying power of all other dollars



To: loantech who wrote (159083)5/18/2009 8:42:58 PM
From: Proud Deplorable1 Recommendation  Respond to of 312810
 
To be sure you must always remember that mainsteam media and govt stats are ALWAYS lies and ALWAYS understate the problem. This means many more years of no growth and dropping home and car prices and these will be locked in by declining wages so that in the future when there is a turnaround prices will not soar again but remain stable at much lower prices. Those who are buying what they consider to be deals, say foreclosures etc., are nuts IMO.

Real Estate is now a dirty word and rightly so.

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