it is actually very tempting to buy in on an index tracker fund today when I look at the pitiful gains to be had from ‘high’ interest accounts vs. the potential gains from such a fund. However, I have a feeling this rally is being hyped for suckers. Any day now there will be a reversal and people late to the party will be sorry, just like recent house buyers. I am not really a gambling man so I just stick with the slow and sure, no matter how tempting it is with the talk of 14/15k dow reverberating arouynd the internet. Maybe I will kick myself later at lost gains, but thats better than a ‘real’ loss to me.
I have been wondering the same thing myself. Your dollar is worth a lot less, so it takes a lot more of them to buy the same commodity. Look at house prices valued in a commodity (oil,gold,copper etc) rather than USD and the prices are going to appear flat or even falling over the bubble period. So… maybe houses wont fall that far after all.
After watching that dirtbag Armando Montelongo on A & E’s flip this house tonight, I was wondering if there was any other instances of these flippers failing to sell the properties they show TV. Kinda hoping that Armando has got a hole heap of festering flips! Fingers crossed.
I have no idea how they value the houses on zillow, but our house which just sold for 640 is on there for 706. We listed it for months at 695-710 and nobody was interested. I don’t know if that is symptomatic of the rest of the valuations on zillow or not, but it wouldnt surprise me.
