Here's a nice review of how stupid Americans got during the Bubble. From Forbes, a slideshow of $1 Million homes. Sad. Just sad. What were people thinking?
May 11, 2006
What $1,000,000 will buy you (oh, god, I could cry)
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8 comments:
Hey, a few of these places don't look bad for the million bucks!
Just....a few.
Second Great Depression (Paperback)
by Warren Brussee
Folks,
This is amasing !!!
REUTERS:
A new way to trade the housing market
http://tinyurl.com/qfsz3
snip:
Those who still want to speculate in the housing market, or more likely, those interested in hedging, have a new set of vehicles. Starting May 22, the Chicago Mercantile Exchange (CME) will begin trading derivatives based on home prices.
Keith, put your money where your mouth is. Bet on house prices!!!!
I just so excited how this country finds new way to make a couple bucks on disaster. It's natural disaster for many homeowners to watch home prices going down toilet. I'm not home owner, but I feel sorry for many my friends who got into that Ponzi scheme
Folks,
read this too:
Read this :
The business community is likely to use housing derivatives to hedge business risk. A builder could sell futures to protect against a decline in the value of not-yet-sold homes or lots not yet developed. A mortgage lender could hedge against a decline in the value of the homes that secure its loans.
Investors can use housing derivatives for pure speculation to bet on future housing prices without actually buying or selling any real estate. They can also use them to hedge positions in housing related stocks.
Even those who never trade these instruments may find it worthwhile to monitor market trends as a possible indicator of home-price sentiment, which may in turn be used to help formulate strategies for more conventional housing-related stocks and options.
Hopefully CME works better than some of those Hedgestreet bets. I've seen some Hedgestreet bets where you either earn 10% or lose 100% principal. Not a good risk/reward ratio.
A while ago I read that silver could land above $500 per oz.
I'm starting to realize how this could happen. Seems that everyones 401K and Social Security is at major risk of currency collapse.
Really amazing! Useful information. All the best.
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Very pretty site! Keep working. thnx!
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