tag:blogger.com,1999:blog-12452759.post116519442018844060..comments2024-03-22T07:12:47.560-07:00Comments on Pitchpull: Here It Comes?Greybeardhttp://www.blogger.com/profile/11919862790973521778noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12452759.post-1165722567129515252006-12-09T19:49:00.000-08:002006-12-09T19:49:00.000-08:00The Real Estate market still is over valued. Wit...The Real Estate market still is <BR/>over valued. With cheap money flowing into this country buying our iou's allowed real estate to <BR/>inflate beyond the normal growth rate. The average doubling of price took 12 to 15 years. With speculation, easy credit & money the demand for housing increased.<BR/>The flip side is now the real estate is highly leveraged. The war in Iraq is helping balloon our<BR/>defict. The supply of dollars is flooding the world (ie interest payments to Japan & China, billions of dollars being spent in Iraq, billions daily flowing to mid east oil countries) with all of this supply of dollars will lead to devaluation of the currency. When the foreign lenders decide they want a higher interest or stop buying our iou's the economy will up for a major re-alignment. The current policy for the dollar is the government says it for a strong dollar however it is letting its value decline. As the dollar declines gold will rise. It wouldn't suprise me to see the value of the dollar decline against world currencies as much as real estate values went up between 2000-06. Value is like<BR/>water it seeks its own level.Anonymousnoreply@blogger.com