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To: cymbeline

Shiller says home prices will be “about where they are now” after adjusting for inflation.
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In another 5 years we will all be billionaires (or better) and a McCoffee will be on the value menu for $20,000. But our salaries will be half the current amount (adjusted) and there will be absolutely no sales to back up the valuations ... no new construction either as a single 2*4 will be $60,000 and most trade supplier companies will be bankrupt.


17 posted on 05/01/2013 3:09:20 PM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
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To: Neidermeyer; G Larry
Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?
18 posted on 05/01/2013 5:03:32 PM PDT by blam
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