July 08, 2006

Posted by blogger at 7/08/2006

17 comments:

Anonymous said...

I think 2008 is back to the house in the middle

July 08, 2006 10:01 PM
Anonymous said...

I think the price is going to be 500M in 2010.

July 08, 2006 11:21 PM
Anonymous said...

eco - because the dollar will be worthless?

July 08, 2006 11:43 PM
Anonymous said...

That last "house" illustrates where the best use of the fed's fiat currency is headed.

July 09, 2006 3:30 AM
Anonymous said...

It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

July 09, 2006 5:31 AM
Anonymous said...

You're right (5:31:11) Anon, the gains are permanent. If you measure it in US$, its losing purchase power every second. The 2 cents 100 years ago worth 1 buck now. Buckle up, folks for inflation. Measure your house price in commodities (barrel of oil for example).

So, the question is do you really want to invest into real estate in country which losing its jobs for asians?

July 09, 2006 5:59 AM
Anonymous said...

Right now we have inflation, after the recession hits in the 4th quarter we will be seeing deflation, much like in the early 1930's, homes won't be worth much, because the banks will own them, and willing to dump.

July 09, 2006 9:08 AM
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Anonymous said...

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