patrick.net

I think in next few years you'll see probate sales start showing up more and more. Prices are bound to only go down making RE investment a sucker game.

Interesting that some of the charts on that article- like many others- show Americans doing better right until after 1980. hmmmm....

Not all to long after the currency was debased, and government debt started piling up faster and faster. Also, interest rates have been dropping since 1980 to fuel the debt monsters. I think defense spending started going more berzerk since then as well.

Student loans alone will suck an *enormous* amount of wealth out of the young. The young won't be able to afford houses until they are in their mid 30s. If they're lucky. How many folks with college degrees and student loans are reduced to working at Wal-Mart? Quite a few, I bet.

The only way for home prices to increase in the near future is if there is a sudden, rapid currency devaluation. If this happens, you might be able to trade your house for a bag of falafel chips.

APOCALYPSEFUCK is Shostakovich says

Potatoes.

It will be the New Gold.

Don't forget ammo.

And a couple of dogs to keep off the riff raff, like starving desperate banksters and roving gangs of Realtors.

Hence why you can borrow $726k on 3.5% down in Santa Clara County...