and the absolute housing price may not come down too much (especially in Nor Cal), but eventually inflation will increase the buying power of buyers. In relative terms, the relative housing price is down, and although people's salary increase, their buying power did not increase, except in the housing sector. Is housing still the best protection against inflation this time around?
agree with this analysis.
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You brought up a nice point: Inflation must catch up housing pri
-miat42-
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10/31/2007 postreply
16:58:45