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J Harris
1 Comment
Why The Fed Must Allow Gold to Rise
Unlike the stock market, bond market, commodities,etc. these are markets that are in some ways tied together. One could melt done & effect another. Real estate, on the other hand, is regional, if not outright individual.
Your house has utility- you don't have to sell your home if area housing "declines". And although most Americans have too much of their financial assets in their home, there are no quotes in the WSJ on yesterday's value of your home that make you lose sleep every night.
R.E. tends to rise/fall in a rolling regional fashion over certain areas. And though I cannot speak for tomorrow, today there is no slowdown (certainly no collapse) in my part of the country when you talk about housing here in Texas.
Of course, if we all carp enough we can probably talk down R.E. here, too despite a good statewide economy.