[peterb]

Count on the govt to screw up whatever they decide to do. This actually could be beneficial in that re-pricing of the market would be done on a wholesale basis. Rather than wait for the market to process all the upside down people, the govt just starts slashing the loans and thus reducing the encumberance that must be dealt with before a new transaction can be completed..i.e..reducing the outstanding loan balance. They could lock-up the homes from transactions, but that would kill the RE business. So I doubt they’d go that far.

It’s pretty hard to deny the market pressure out there, but it’s funny watching the massive incompetants of our politicians as they try to “solve” the problem. No matter what scenario I run through my mind, it still ends up that the prices will be forced down for the market.

[peterb]

Count on the govt to screw up whatever they decide to do. This actually could be beneficial in that re-pricing of the market would be done on a wholesale basis. Rather than wait for the market to process all the upside down people, the govt just starts slashing the loans and thus reducing the encumberance that must be dealt with before a new transaction can be completed..i.e..reducing the outstanding loan balance. They could lock-up the homes from transactions, but that would kill the RE business. So I doubt they’d go that far.

It’s pretty hard to deny the market pressure out there, but it’s funny watching the massive incompetants of our politicians as they try to “solve” the problem. No matter what scenario I run through my mind, it still ends up that the prices will be forced down for the market.

[peterb]

Count on the govt to screw up whatever they decide to do. This actually could be beneficial in that re-pricing of the market would be done on a wholesale basis. Rather than wait for the market to process all the upside down people, the govt just starts slashing the loans and thus reducing the encumberance that must be dealt with before a new transaction can be completed..i.e..reducing the outstanding loan balance. They could lock-up the homes from transactions, but that would kill the RE business. So I doubt they’d go that far.

It’s pretty hard to deny the market pressure out there, but it’s funny watching the massive incompetants of our politicians as they try to “solve” the problem. No matter what scenario I run through my mind, it still ends up that the prices will be forced down for the market.

[peterb]

Count on the govt to screw up whatever they decide to do. This actually could be beneficial in that re-pricing of the market would be done on a wholesale basis. Rather than wait for the market to process all the upside down people, the govt just starts slashing the loans and thus reducing the encumberance that must be dealt with before a new transaction can be completed..i.e..reducing the outstanding loan balance. They could lock-up the homes from transactions, but that would kill the RE business. So I doubt they’d go that far.

It’s pretty hard to deny the market pressure out there, but it’s funny watching the massive incompetants of our politicians as they try to “solve” the problem. No matter what scenario I run through my mind, it still ends up that the prices will be forced down for the market.

[peterb]

Looks like a dual purpose opportunity. Sell taco’s during the day and call it home at night. Got a hitch on it too, for when you need to “roll”.

[peterb]

Looks like a dual purpose opportunity. Sell taco’s during the day and call it home at night. Got a hitch on it too, for when you need to “roll”.

[peterb]

Looks like a dual purpose opportunity. Sell taco’s during the day and call it home at night. Got a hitch on it too, for when you need to “roll”.

[peterb]

Looks like a dual purpose opportunity. Sell taco’s during the day and call it home at night. Got a hitch on it too, for when you need to “roll”.

[peterb]

Looks like a dual purpose opportunity. Sell taco’s during the day and call it home at night. Got a hitch on it too, for when you need to “roll”.

[peterb]

Must be a lot of patriots in Cuba.

[peterb]

Must be a lot of patriots in Cuba.

[peterb]

Must be a lot of patriots in Cuba.

[peterb]

Must be a lot of patriots in Cuba.

[peterb]

Must be a lot of patriots in Cuba.

[peterb]

It is interesting to keep in mind that gold cost around $500 to $600 an ounce to mine. So it’s a place to start for valuation. A decent house is maybe $150 to $200/sq/ft plus the dirt, and cash is priced according to other currencies.
Right now it looks like most tangible assets are priced too high compared to what most people earn, from a historic perpective. If we do in fact experience inflationary pressure, it seems like tangible assets should rise compared to cash. But there are so many other factors. Houses are deflating right now. Gold is inflating and the US$ is rising a little. I’d bet on gold or the US$ for a while. Far more liquid than real estate and trending upward at this time.
Although our fed is doing it’s best to fill the world with dollars, unemployment is rising, wages are not increasing and most assets are still correcting downward. This all makes your US$ buy more. It will be interesting to see if gold will test $1000 again.

[Author]

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