Does inflation matter for RE prices in the BA?
invite response
2005 Oct 17, 10:06am 19,370 views 130 comments
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surfer-x
2005 Oct 26, 5:54am
I mean, most of our jets and military systems are made in China or Singapore, and who knows what weird stuff is put into our weapons.
Not even remotely true. The US manufactures one thing very very well, weapons.
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Inflation coverage in the financial press is growing daily. The headline (total) official inflation numbers for the US are the highest in 30 years, but the core inflation numbers (which excludes energy and food), is barely noticable. The stock market has been reacting to inflation data, selling off globally (despite the laughable dow 40000 stories). Precious metals are hitting records. But the bond market is slow to react, only now inching into bearish territory. There are arguments that inflation helps RE (real estate is a good store of value during general inflation); there are arguments that it hurts RE (reduced purchasing power and rising debt burdens depress affordability). I’d like to hear everyone’s take.
By Randy H
#housing