why there will be a big sell off on housing, page-21

  1. 840 Posts.
    I'm a bear on:
    Stocks
    Property
    Gold
    Economics
    USD

    I remember when I was young I was at a camp with a lot of other kids. We played monopoly. Then one kid found a second monopoly set. We shared all the extra cash and kept playing. Within minutes every property had a hotel on it. Nobody cared about passing go and collecting $200. Every one wanted to be in jail. The kid with the most expensive property was the first to lose his hotels, and it continued until he was out of the game. The kid who won had a large number of cheap property.

    So in summary:
    Inflation seems good at first
    Any idiot with money can buy property at any price
    When your wage looks puny compared to your investment rises, there might be a problem
    If everyone is getting rich, in reality nobody is
    Expensive property is the first to go
    Too much money in circulation and the normal rules don't apply
 
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