[quote=walterwhite]in terms of what, though? i agree that in terms of making actual money, it’s a bad bet; we’re broke.

but I think it’s a pretty damn good bet that at some point int he next 30 years, the US government, although it’s just been playing with fire lately, is going to ge the hang of creating some serious inflation,a nd while you may not make any real money, it will seem smart to ahve borrowed a large amount of dollars today becauseit will beeasier to pay them off someday. I hate to say it’s a sure thing, cause no one really knows, but it sure seems that that’s waht the powers that be want…[/quote]

I have been thinking down the same lines. That sooner or later, inflation and dollar destruction will make owning assets a good thing – maybe the only thing that will prevent wealth destruction. Real rates of interest on CD’s etc are negative so savings are a real loss.

Housing is a leveraged asset play and soon it may make financial sense. Pricing is critical, but we may see the housing decline actually reverse amid the dollar decline.