[Wild Style]

Ten

I have heard the alternative fuels too. I think it will be that and probably infrastructure (transportation). They sort of go hand and hand. Like the infamous 2001 I.T. bubble which not only affected programming, networking and computers. It also affected telecommunications.

[carlnasc]

Interesting article regarding someone that made a killing on the bubble burst, so if you have a crystal ball to see the future you can profit hadsomely from it you just need courage to act on it ....

Real Estate Mogul Jeff Greene: The Man Who Shorted Subprime - Funny Business with Jane Wells - MSNBC.com

[JohnVosilla]

Originally Posted by geocycler

A few posts back someone said that the real estate market cannot recover until the dollar recovers. I'm no economist, so I would appreciate if some one could further elaborate on this point and explain the relationship between the domestic real estate market and a weak dollar. Thanks

Actually a weak dollar and inflation are the best friends of real estate.. Keep rates low, inflate our way out while debasing our dollar and debts. A strong dollar with fiscal discipline like during the Clinton/Gingrich years is bad for real estate in general without other drivers such as the tech and financial services booms in a few select markets..

[hiknapster]

Originally Posted by JohnVosilla

Actually a weak dollar and inflation are the best friends of real estate.. Keep rates low, inflate our way out while debasing our dollar and debts. A strong dollar with fiscal discipline like during the Clinton/Gingrich years is bad for real estate in general without other drivers such as the tech and financial services booms in a few select markets..

Really? The dollar hit a new low today, inflation is creeping up, and we aren't even counting gas and food, mortgage rates are going UP and we are looking at this country's worse housing market recession, ever.

Things don't seem to be following the Economics 101 playbook.

[sunrico90]

Originally Posted by hiknapster

Really? The dollar hit a new low today, inflation is creeping up, and we aren't even counting gas and food, mortgage rates are going UP and we are looking at this country's worse housing market recession, ever.

Things don't seem to be following the Economics 101 playbook.

Due to the low value of the dollar, many tourist from overseas will have a bit more money to spend in Fl...

Should we have caution on how we use our money?

[Ten]

Originally Posted by JohnVosilla

Actually a weak dollar and inflation are the best friends of real estate.. Keep rates low, inflate our way out while debasing our dollar and debts. A strong dollar with fiscal discipline like during the Clinton/Gingrich years is bad for real estate in general without other drivers such as the tech and financial services booms in a few select markets..

Last I checked, the Fed was only 3% above zero. I'm not so sure this is a case of a merely average dollar with room to move; it looks like a serious reset with $600bn devalued so far and the market said to be only halfway corrected. They're now talking $1tr in losses. This time it looks like things are different, John.

The Federal Reserve's Rescue Has Failed.

[hiknapster]

Originally Posted by sunrico90

Due to the low value of the dollar, many tourist from overseas will have a bit more money to spend in Fl...

Should we have caution on how we use our money?

I agree about the tourists. I've seen a lot more "Ontario" tags going up and down I-75, this year. I don't know if that makes Florida come out ahead, though. There's a lot less snow birds going down to your state, too. It may be a wash.

I know I'm saving my money. Keep an eye on your bank. You can get its rating at Bankrate.

[daytripper]

Originally Posted by tallrick

Real estate is a historically bad investment, no way around that. Only the weak economy from 1980-2007 has made it seem like a good one. Fact is that residential real estate produces nothing, and you will have to give up 2% of it's "value" every year just to lease it from the Government. Add insurance, mortgage interest (unless you are rich enough to buy cash) maintenance (mowing, cleaning,new roof every 10-20 years) you lose money. When RE prices are in line with incomes you can rent and earn an income. Once the whole economy faces reality the lending standards will become conservative. With less "funny money" the sales of Northeastern and Western bubble properties will stop and retirees will not have bundles of cash to destroy Florida with.

As for SUV's they will go the way of the muscle car in the 70's as soon as oil gets as high as it should be. Wages are stagnant and funny money is slowing down. People will have to economize as they did in the 70's and the Great Depression.

I have a 65 mustang muscle car that many would pay big bucks for . LOL!!!!

[midwest shopper]

I have just purchased property in Estero and feel really good about it. Yes, I feel I paid a fair price, not the lowest but in line with what things are selling at today. I am not a flipper and it will be used and enjoyed by my family as a second home for years to come I hope. I think if you have the resources it is a good time to invest in real estate. Mortgage rates are down and many properties to chose from. Just my opinion.

[firemed]

Originally Posted by midwest shopper

I have just purchased property in Estero and feel really good about it. Yes, I feel I paid a fair price, not the lowest but in line with what things are selling at today. I am not a flipper and it will be used and enjoyed by my family as a second home for years to come I hope. I think if you have the resources it is a good time to invest in real estate. Mortgage rates are down and many properties to chose from. Just my opinion.

Welcome to Southwest Florida! If your happy with your home thats all that counts,