THE PROBLEM:
I will come out and say it, we are in uncharted waters! No, this is not like 1980 …and no, not even 1929. We are in a completely unmapped market with different economics than that of prior generations. The only point I need to make in regards to 1929 is that the value of the Dollar was relatively stable and backed by metals. We are entering a time of hyper inflation and deflating economy. Because many nations have recently determined they will no longer trade in Dollars and hence not buy our Nation’s debt; we will become flooded in more Dollars. This will decrease the value further.
ANSWER:
Invest in tangible assets such Homes, Land and Business. Real items will keep value despite a possible initial decrease in value. Homes have come down dome in value; however the dollar has lost greater than 50% of its purchasing power worldwide. Real property is a greater asset by far for the future, compounded by the huge increase in inflation that will continue until we correct our fiscal policies. I’m not going to hold my breath on those policies. Soon one will not be able to build a home for less than $500,000+. The shipping and material costs will have tripled. Not because gas is expensive, but because the Dollar is weak and inflationary.
Move forward with a sense of urgency and take action.
~by Erick Strobel
Apply online today with local lenders at www.HomeLoansOnline.TV
Wednesday, July 9, 2008
Safe Havens in Risky Waters
Labels:
Homes,
Investment Opportunities,
Investment Property,
Land,
Mortgages
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