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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (83)	5/13/2010 11:33:41 PM
From: John Vosilla	Read Replies (2) \| Respond to of 1504

'Are stocks about to crash?' More than likely you will have one between now and October if only so they can give those on the dark side some more chips to play in the casino, an excuse to take out all the stops as as the debt crisis unwinds overseas and housing bubbles burst in fast growing China, India and Brazil to name a few and to set up a run for the third year election cycle which we know what that means historically. I see you have found some new friends on the doom and gloom board who never figured out home prices bottomed in much of this country a year ago and have been paying a huge price for being wrong.. None of them have much if any hands on experience with real estate and they should rename that board to 'Formerly about the RE crash'...lol Go back and pick a point 2-3-4-5 years ago and you will see I was just about the most prolific, on topic, negative poster on real estate on that board. Now they brand me as some traitor aligned with the NAR which couldn't be further from the truth. It is what it is and I have to go there for a good laugh from time to time just to hopefully get things back to the topic... Shadow inventory is not on the market and will be coming on line in the next 2-3 years just as it has been the last three will be absorbed. I can tell you for sale inventory has tightened dramatically in much of Florida for single family and I am quite shocked myself... Condos have much more to work off and is a subject unto itself. I actually do this buying, selling and repairing for a living for 20 years except for the four years during the bubble when I temporarily retired and became a perma bear too....lol The so called economists including Shiller who predicted housing prices dropping upwards of 25-30% each in 2009-10 in markets I follow were so far off. Of course they also didn't realize prices had actually dropped 55-75% already in the prior 2.5 years by first quarter 2009 in part to median prices being skewed by lack of low priced condo sales in the prior 18-24 months prior to very late 2008.. All a scam to fool the masses on either side and Government Sachs was the ultimate master of the universe. What all this has to do with inflation is single family housing prices in most of the depressed areas of the USA (it is a huge percentage of the housing stock) could start appreciating at a rapid clip again by 2012-13 IF the job market continues to improve and interest rates remain reasonable..