—but homes maybe not so much.—
I agree. But as they continue to print money, even homes will eventually go up in value.
On a side note, I noticed today that stocks AND precious metals were down. That implies that those things did not change in value, but the currency did. With all the stuff going on in europe this week, I read one article that said the short term effect would be a rush to US dollars. Looks like he was right.
It also makes it a GREAT PM buying moment.
I’ve been watching silver for the last 2-3 weeks. Its been gradually dropping the whole time. I was wondering about that. You are saying it is caused by the dollar being pumped up from europeans buying up dollars, right? And when the dollar gets pumped up, the value of PMs relative to dollars drops.
I’m being told that the value of commercial realestate in my area is just now hitting bottom and starting to make its initial upward trend...but that residential real estate has not yet hit bottom but will in a year or 3.
But what scares me is job losses. If we start seeing a spike in job losses, there’s going to be more foreclosures, more government deficit, more destruction of the value of the dollar, more businesses closing down, more bank bailouts, and any recovery in real estate will be destroyed. Local and state governments will be going broke and trying to scrounge up every last tax dollar they can...which means higher property taxes...which means more people not being able to afford their homes.