Jan 6, 2009
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Despite a Cooling Real Estate Market, Billionaire Grant Cardone Predicts Investors Will Come to the Rescue
Billionaire Grant Cardone Predicts Investors Will Come to the Rescue The real estate market is a key indicator of the health of the economy,...
I think Peter is right on as to intervention and the creation of a bubble in real estate.
ReplyDeleteIn 2001 the market was in a correction from the stock market bubble, then 9/11. The fed poured in capital and caused the bubble along with poor governence by the banks with the giving awaqy of money. This has created a deeper decline this time. The governments intervention again may back fire as Peter said due to the dollar printing. A decline in the dollar will deter the intervention.
Richard
Hi Richard,
ReplyDeleteI'm not an economist but from our vantage point, I largely agree with what you've said especially:
"The fed poured in capital and caused the bubble along with poor governance by the banks with the giving away of money"
Printing more money to fix a printing of too much money problem. Hmmm.
Time will tell.