I realize that but I was simply trying to point out that if supply and demand was true for gold/silver why does it not apply to housing as well?
The reason I asked is:
My wife and I are planning to sell in the Spring for a larger home in the best school district. I am pretty confident that the market where I live is still undervalued in comparison to other markets around the country (and near my city) and I can probably pay 50% down on the nicer home and still keep a 15 year fixed note.
Maybe I am just an optimist but I don't think the real estate market is going to drop back 10 years anytime soon for the very reason that the other poster thought gold/silver was not going anywhere. Supply and demand and frankly nice homes within 30 minutes of downtown might be more rare than an ounce of precious metal in the future.
At the very least.... 10 years from now I will not have to put a pricetag on all the hours I spend in traffic sitting in my car vs spending that time with my family. Even if I don't make lots of money on my "house" that will still be better than cold metal sitting in my gun safe.
In WA state, you should be okay. Only isolated markets will see drastic problems.