[gandalf]

Visiting with friends yesterday, they mixed up a very interesting cocktail.

Grapefruit juice and vodka, garnished with mint, and laced with habanero chiles…

Holy mother of Christ — but with a refreshing citrus taste.

Followed by a couple of Pliny the Elders. Nice evening.

Wife drove home.

[gandalf]

Visiting with friends yesterday, they mixed up a very interesting cocktail.

Grapefruit juice and vodka, garnished with mint, and laced with habanero chiles…

Holy mother of Christ — but with a refreshing citrus taste.

Followed by a couple of Pliny the Elders. Nice evening.

Wife drove home.

[gandalf]

Visiting with friends yesterday, they mixed up a very interesting cocktail.

Grapefruit juice and vodka, garnished with mint, and laced with habanero chiles…

Holy mother of Christ — but with a refreshing citrus taste.

Followed by a couple of Pliny the Elders. Nice evening.

Wife drove home.

[gandalf]

Visiting with friends yesterday, they mixed up a very interesting cocktail.

Grapefruit juice and vodka, garnished with mint, and laced with habanero chiles…

Holy mother of Christ — but with a refreshing citrus taste.

Followed by a couple of Pliny the Elders. Nice evening.

Wife drove home.

[gandalf]

Visiting with friends yesterday, they mixed up a very interesting cocktail.

Grapefruit juice and vodka, garnished with mint, and laced with habanero chiles…

Holy mother of Christ — but with a refreshing citrus taste.

Followed by a couple of Pliny the Elders. Nice evening.

Wife drove home.

[gandalf]

Question for those of us who believe inflation is ahead, do you think property and real estate investments will provide their traditional hedge against inflation in the years to come, shelter from the storm?

Housing market ratios and fundamentals remain largely out of balance. The economy and labor market remain weak. The job market is slow, hiring is modest, no wage inflation on the horizon. Wages fuel housing.

Also, many speculate inflation will arrive through some other mechanism, currency devaluation from a dollar crisis for example. Foreign countries are already beginning to denominate trade and debt in non-dollar currencies.

If such inflation / devaluation occurs — inflation without labor and wage growth, it would reduce household incomes. It would eviscerate savings. The average standard of living would decline even further.

Is the housing market perhaps risking a further collapse in prices?

[gandalf]

Question for those of us who believe inflation is ahead, do you think property and real estate investments will provide their traditional hedge against inflation in the years to come, shelter from the storm?

Housing market ratios and fundamentals remain largely out of balance. The economy and labor market remain weak. The job market is slow, hiring is modest, no wage inflation on the horizon. Wages fuel housing.

Also, many speculate inflation will arrive through some other mechanism, currency devaluation from a dollar crisis for example. Foreign countries are already beginning to denominate trade and debt in non-dollar currencies.

If such inflation / devaluation occurs — inflation without labor and wage growth, it would reduce household incomes. It would eviscerate savings. The average standard of living would decline even further.

Is the housing market perhaps risking a further collapse in prices?

[gandalf]

Question for those of us who believe inflation is ahead, do you think property and real estate investments will provide their traditional hedge against inflation in the years to come, shelter from the storm?

Housing market ratios and fundamentals remain largely out of balance. The economy and labor market remain weak. The job market is slow, hiring is modest, no wage inflation on the horizon. Wages fuel housing.

Also, many speculate inflation will arrive through some other mechanism, currency devaluation from a dollar crisis for example. Foreign countries are already beginning to denominate trade and debt in non-dollar currencies.

If such inflation / devaluation occurs — inflation without labor and wage growth, it would reduce household incomes. It would eviscerate savings. The average standard of living would decline even further.

Is the housing market perhaps risking a further collapse in prices?

[gandalf]

Question for those of us who believe inflation is ahead, do you think property and real estate investments will provide their traditional hedge against inflation in the years to come, shelter from the storm?

Housing market ratios and fundamentals remain largely out of balance. The economy and labor market remain weak. The job market is slow, hiring is modest, no wage inflation on the horizon. Wages fuel housing.

Also, many speculate inflation will arrive through some other mechanism, currency devaluation from a dollar crisis for example. Foreign countries are already beginning to denominate trade and debt in non-dollar currencies.

If such inflation / devaluation occurs — inflation without labor and wage growth, it would reduce household incomes. It would eviscerate savings. The average standard of living would decline even further.

Is the housing market perhaps risking a further collapse in prices?

[gandalf]

Question for those of us who believe inflation is ahead, do you think property and real estate investments will provide their traditional hedge against inflation in the years to come, shelter from the storm?

Housing market ratios and fundamentals remain largely out of balance. The economy and labor market remain weak. The job market is slow, hiring is modest, no wage inflation on the horizon. Wages fuel housing.

Also, many speculate inflation will arrive through some other mechanism, currency devaluation from a dollar crisis for example. Foreign countries are already beginning to denominate trade and debt in non-dollar currencies.

If such inflation / devaluation occurs — inflation without labor and wage growth, it would reduce household incomes. It would eviscerate savings. The average standard of living would decline even further.

Is the housing market perhaps risking a further collapse in prices?

[gandalf]

Nice post, TG. I also think Shiller’s great. Not ivory tower, down to earth.

What Rich said, that’s what I think too. Housing prices may well continue to decline on a real basis but I don’t see a long-term slide like Japan.

Mainly because I think something has to give on the U.S. currency side. Not sure when or how, gradual or sudden, but something has to give.

Also, I think energy issues will kick in eventually and make everything else seem inconsequential, possibly in a good way.

[gandalf]

Nice post, TG. I also think Shiller’s great. Not ivory tower, down to earth.

What Rich said, that’s what I think too. Housing prices may well continue to decline on a real basis but I don’t see a long-term slide like Japan.

Mainly because I think something has to give on the U.S. currency side. Not sure when or how, gradual or sudden, but something has to give.

Also, I think energy issues will kick in eventually and make everything else seem inconsequential, possibly in a good way.

[gandalf]

Nice post, TG. I also think Shiller’s great. Not ivory tower, down to earth.

What Rich said, that’s what I think too. Housing prices may well continue to decline on a real basis but I don’t see a long-term slide like Japan.

Mainly because I think something has to give on the U.S. currency side. Not sure when or how, gradual or sudden, but something has to give.

Also, I think energy issues will kick in eventually and make everything else seem inconsequential, possibly in a good way.

[gandalf]

Nice post, TG. I also think Shiller’s great. Not ivory tower, down to earth.

What Rich said, that’s what I think too. Housing prices may well continue to decline on a real basis but I don’t see a long-term slide like Japan.

Mainly because I think something has to give on the U.S. currency side. Not sure when or how, gradual or sudden, but something has to give.

Also, I think energy issues will kick in eventually and make everything else seem inconsequential, possibly in a good way.

[gandalf]

Nice post, TG. I also think Shiller’s great. Not ivory tower, down to earth.

What Rich said, that’s what I think too. Housing prices may well continue to decline on a real basis but I don’t see a long-term slide like Japan.

Mainly because I think something has to give on the U.S. currency side. Not sure when or how, gradual or sudden, but something has to give.

Also, I think energy issues will kick in eventually and make everything else seem inconsequential, possibly in a good way.

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