Excellent Commentary.............
The money press...the creation of more currency guarantees higher valuations in the future for fixed assets such as real estate....
What one must do is to be cognizant of what causes the ebb and flow of appraisal valuations...and to be ready to play a ten year game.....maybe a bit more ...maybe a bit less.....
But make no mistake .....the government taxes....sells debt....and prints money....
And when one can recognize a downward exuberance in prices....one must be ready to play the game....
The money press...the creation of more currency guarantees higher valuations in the future for fixed assets such as real estate....
What one must do is to be cognizant of what causes the ebb and flow of appraisal valuations...and to be ready to play a ten year game.....maybe a bit more ...maybe a bit less.....
But make no mistake .....the government taxes....sells debt....and prints money....
And when one can recognize a downward exuberance in prices....one must be ready to play the game....
Like, they brought in salesman for the M16 the Belgian Rifle, the Brits, and tested everything out.