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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (6248)	10/24/2010 4:20:22 PM
From: claireg	Respond to of 26251

There is a discrepancy between the fact that, according to some, housing is due for another correction and the fact that we are , in my opinion, doomed for a devaluation of the dollar. In the 70's, currency devaluation leaded to inflation, increased mortgages rates but, at the same time, homes prices skyrocked.In 74, homes prices in CA surged more than 20%. So those that are predicting now that housing is going to experience another correction, are -in another way- saying that there will not be currency devaluation. I do not agree on that. The FED is printing his way to the "soon to be" devaluation of the dollar, exactly as in the 70's. And again,housing as an asset will be one of the only option.