by Travis Johnson, Stock Gumshoe | April 30, 2018 12:24 pm
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More great reading, and promising investments to look into, all three parts.
Real estate will tank when the dollar dies and becomes Fedcoin. It will be the time to buy real estate. Condos that went for $50K during the last crisis, 2009, or so, now sell at $150 plus. Similar deals will emerge as history doesn’t repeat itself, it merely escalates on return engagements.
Thanks for the comment. When do you expect the dollar to die and “become Fedcoin?” What do you think “Fedcoin” means?
I expect the dollar to gradually lose value, as it has over the past 50 years, but that’s a long-term trend, it’s hard for me to see it “dying.”
I don’t think real estate is particularly worrisome in the US and Europe right now — overall debt is, but real estate debt is not the worst of it. Canada and China, perhaps a different story, but I’m not worried about US or European apartments or commercial real estate so much at the moment.
Real estate stocks in general are definitely suffering from the anticipation of higher interest rates, which is why most REITs and other real estate stocks, like KW, even those who focus on things completely unrelated to housing, are down substantially from their highs.
I do intend to keep cash balances relatively high, in hopes that we’ll see opportunities to buy cheap over the next year or so, but predicting big-picture stuff and timing a collapse in any market is very risky business.
I see that Seattle is no longer a sound investment. No wonder, the immigration system is a mirror of CA’s and the city board wants to jack up a “personnel” tax on Amazon. The socialized government , led by radical “new” idea governance groups, are now a deterrent to any company relocating to the city or state. The immigration upsurge in WA has led the socialists to demand a tax to “house” the “homeless” off the streets. Yeah, right! This fabrication leads me to take into serious account the impact politics has always played in investing and I applaud Travis for this article and all the implications it brings to the savvy investor.