To: RegulatorCountry
Well, when the state, county and city governments here all go belly up and the trash and garbage is no longer picked up, the water flows only sporadically, the sewers are all backed up and flowing into the streets, electrical and phone service failing, and gangs of looters are running free, the place will be pretty much uninhabitable. Think the ruins of Detroit writ large. Property values will fall to zero.
11 posted on
04/21/2013 10:09:49 PM PDT by
Jim Robinson
(Resistance to tyrants is obedience to God!!)
To: Jim Robinson
Well, when the state, county and city governments here all go belly up and the trash and garbage is no longer picked up, the water flows only sporadically, the sewers are all backed up and flowing into the streets, electrical and phone service failing, and gangs of looters are running free, the place will be pretty much uninhabitable. Think the ruins of Detroit writ large. Property values will fall to zero.
You hit the nail on the head. In a deflationary collapse, it is not just the price that collapses. The value does as well.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson