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Talk to people in fly-over states where homes have years of little appreciation….many choose to rent.

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Talk to people in fly-over states where homes have years of little appreciation….many choose to rent.

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Talk to people in fly-over states where homes have years of little appreciation….many choose to rent.

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Talk to people in fly-over states where homes have years of little appreciation….many choose to rent.

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I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record:
http://www.321gold.com/editorials/hoye/hoye031609.pdf

Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.

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I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record:
http://www.321gold.com/editorials/hoye/hoye031609.pdf

Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.

[peterb]

I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record:
http://www.321gold.com/editorials/hoye/hoye031609.pdf

Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.

[peterb]

I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record:
http://www.321gold.com/editorials/hoye/hoye031609.pdf

Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.

[peterb]

I think fear is the order of the day and will remain so for a while. Hence the desire for gold. Uncle Ben’s monetization is not helping the US$. But credit destruction seems far greater than money creation.
Here’s an analysis by someone with a strong track record:
http://www.321gold.com/editorials/hoye/hoye031609.pdf

Give it a careful read. The logic is good. Relative strength is what matters. Sure gold can correct and probably will, but profitability will remain strong for miners. A high demand product with a very good profit margin. Sounds like a solid business concept in a highly confused world.

[peterb]

From what I can tell, the only asset that has growth potential is gold and gold producing miners. Because it’s real money in a world of monetary confusion and deflation.Gold mining is now the most profitable business in the world. And gold now has the highest relative strength of any asset. People think gold is an inflation hedge, but the historical record shows it to behave very well during financial chaos. I think we’ll see financial chaos for at least a couple more years.

Wage deflation will come with unemployment. Credit is being repudiated. What will things cost on a cash basis compared to the rampant credit expansion we’ve seen over the last decade or so?
I think that certain life sustaining commodities will probably increase in cost as fiat currency is debased. But things that took massive credit to maintain their prices will come down. Without wage growth, how can credit based purchases increase or even hold their price? Loans would have to be almost interest free. But who wants to take on debt to purchase something that’s going down in price?

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From what I can tell, the only asset that has growth potential is gold and gold producing miners. Because it’s real money in a world of monetary confusion and deflation.Gold mining is now the most profitable business in the world. And gold now has the highest relative strength of any asset. People think gold is an inflation hedge, but the historical record shows it to behave very well during financial chaos. I think we’ll see financial chaos for at least a couple more years.

Wage deflation will come with unemployment. Credit is being repudiated. What will things cost on a cash basis compared to the rampant credit expansion we’ve seen over the last decade or so?
I think that certain life sustaining commodities will probably increase in cost as fiat currency is debased. But things that took massive credit to maintain their prices will come down. Without wage growth, how can credit based purchases increase or even hold their price? Loans would have to be almost interest free. But who wants to take on debt to purchase something that’s going down in price?

[peterb]

From what I can tell, the only asset that has growth potential is gold and gold producing miners. Because it’s real money in a world of monetary confusion and deflation.Gold mining is now the most profitable business in the world. And gold now has the highest relative strength of any asset. People think gold is an inflation hedge, but the historical record shows it to behave very well during financial chaos. I think we’ll see financial chaos for at least a couple more years.

Wage deflation will come with unemployment. Credit is being repudiated. What will things cost on a cash basis compared to the rampant credit expansion we’ve seen over the last decade or so?
I think that certain life sustaining commodities will probably increase in cost as fiat currency is debased. But things that took massive credit to maintain their prices will come down. Without wage growth, how can credit based purchases increase or even hold their price? Loans would have to be almost interest free. But who wants to take on debt to purchase something that’s going down in price?

[peterb]

From what I can tell, the only asset that has growth potential is gold and gold producing miners. Because it’s real money in a world of monetary confusion and deflation.Gold mining is now the most profitable business in the world. And gold now has the highest relative strength of any asset. People think gold is an inflation hedge, but the historical record shows it to behave very well during financial chaos. I think we’ll see financial chaos for at least a couple more years.

Wage deflation will come with unemployment. Credit is being repudiated. What will things cost on a cash basis compared to the rampant credit expansion we’ve seen over the last decade or so?
I think that certain life sustaining commodities will probably increase in cost as fiat currency is debased. But things that took massive credit to maintain their prices will come down. Without wage growth, how can credit based purchases increase or even hold their price? Loans would have to be almost interest free. But who wants to take on debt to purchase something that’s going down in price?

[peterb]

From what I can tell, the only asset that has growth potential is gold and gold producing miners. Because it’s real money in a world of monetary confusion and deflation.Gold mining is now the most profitable business in the world. And gold now has the highest relative strength of any asset. People think gold is an inflation hedge, but the historical record shows it to behave very well during financial chaos. I think we’ll see financial chaos for at least a couple more years.

Wage deflation will come with unemployment. Credit is being repudiated. What will things cost on a cash basis compared to the rampant credit expansion we’ve seen over the last decade or so?
I think that certain life sustaining commodities will probably increase in cost as fiat currency is debased. But things that took massive credit to maintain their prices will come down. Without wage growth, how can credit based purchases increase or even hold their price? Loans would have to be almost interest free. But who wants to take on debt to purchase something that’s going down in price?

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The appraisers use the MLS for comps, I believe. So a bulk purchase would not register. Actually, I think any sales contract can stipulate that the sales price not be made public. It may be at the country recorders office, though. Not sure.
But the bottom line is that REO buying specialists and bulk buyers are getting houses at 30% of their outstanding debt…or lower. This is dangerous for all those who are taking advantage of the 3% down FHA deals to buy from these guys.

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