User 300063

How to Solve the Excess Supply in Housing

SOTH-

I tend to agree that the other nations of the world will grow tired of constantly funding America's mishaps and American interest rates will skyrocket. What currencies then do you see outperforming relative to the Greenback? The Euro? Yen? Pound?

I don't intend to hand over my fortune to the 2 and 20% crowd so they can recklessly bet on a housing recovery with no accountability. What are my other options?

Seeker


On Nov 13 04:17 PM sickofthehype wrote:

> Right now there are hedge funds prepared to buy millions upon millions
> in pennies-on-the-dollar real estate direct from Fannie, from Countrywide,
> and many others.
>
> Deals are being made, and when batches of hundreds of millions are
> being sold in one shot, it won't take long before the word gets out.

>
>
> What they realize is that the inflationary campaign currently underway,
> is about to unleash major devaluing in the next year. The dollar
> is king right now, but it won't be 12 months from now. That's when
> you'll want hard assets, end of story.