[quote=jficquette][quote=air_ogi]Out of curiosity, why do so many real estate bears feel that gold at 3x its 2001 price is a great investment, while real estate at 1.5x its 2001 price will continue to decline?
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LOL good point. “Yeah honey, this house on the ocean is a shitty deal but lets buy some gold at a $1k an oz.”
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Air and jf you ever heard about supply and demand? Remember when Greenspan started lowering interest rates and everyone thought RE was a good buy? At that same time people had no interest in gold as most at that point in time were seeing an upside potential in RE. 7 years ago we could see a long term picture of what was going to happen. Today we can’t even predict a year from now. That is pathetic and leads me to believe that housing poses a much greater risk from a investment perspective.
