The houses are worth what the market is willing to pay.
On a different note, I really do not get why some folks think gold is a financial panacea. Gold is just another commodity, and it too can fluctuate in value. The notion that its value will continue to rise forever is the same sort of linear thinking that created the housing bubble.
rabscuttle385 wrote: “Gold is just another commodity, and it too can fluctuate in value.”
Wasn’t it worth well under $300 an ounce in the not so distant past. It didn’t outperform the market then.
I just this weekend heard someone talking on the radio about “peak gold.” The “gold fields” are drying up and it’s getting harder to keep up.
Seems like the oil and gold people are writing their propaganda from a book of mad libs.