This is a very interesting study because there is over 100 years of data. Could be valuable.
1 posted on
11/02/2010 11:35:59 AM PDT by
SGW
To: SGW
"Before we site this study, lets cover a few basics. This will allow you to tell where the value of your residential real estate is headed..." Do they have any credibility after the third word in the article?
2 posted on
11/02/2010 11:42:44 AM PDT by
z3n
To: SGW
At $217,983 gold would have to rise to roughly $2200 per ounce. The odds of that happening are 100%.....
I guess I should buy gold with those odds I can’t loose.
To: SGW
So the bottom line is that the median home price ($220k) should be equal to 100 ozs of gold. Right now the ratio is about 160 so gold must rise to $2,200 or the house must decrease by $80k. With the way the Fed is creating paper money I would bet that gold rises.
8 posted on
11/02/2010 12:09:32 PM PDT by
2001convSVT
("Repeal ObamaCare")
To: SGW
The author is a nut. Looking at that graph, I plot a straight line showing that today the median price of a house over the price of gold should be around 300, and we're below that figure now.
9 posted on
11/02/2010 12:19:49 PM PDT by
Yo-Yo
(Is the /sarc tag really necessary?)
To: SGW
Actually, I believe the ratios at the top/bottom will be
much different this go-around. Last time it was about 100 gold ounces for a median home or 816 ounces of silver for the same home.
This is about (today's prices) $135,670 in gold OR $20,300 in silver. Can you see how relatively CHEAP silver is? It WILL be $30 minimum up to $50 per ounce by Jan first. JMHO
Personally, I believe that this time around it will take much less precious metals to purchase that home this time around. Silver is MUCH scarcer than ever before, and, most importantly, there are MILLIONS more in the world able to buy it. The Chinese government is pushing their citizenry to buy and even advertising it heavily.
Nam Vet
11 posted on
11/02/2010 12:40:43 PM PDT by
Nam Vet
(Are you better off than you were 4 trillion dollars ago?)
To: SGW
I see it quite simply that housing tracks inflation and gold is an inflation hedge .. of course they relate.
To: All; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; OneLoyalAmerican; ...
Goldbug ping
Mail me to get on or off the Free Republic Goldbug Ping List.
p.s. "My" persistent craigslist spammer is back on the job -- 12 posts today after he saw that we erased nearly all of his over-posts last week. THANK YOU to everybody who flagged him before, but may I make another humble request to "flag as spam / overpost" again if you have a couple of seconds.
14 posted on
11/02/2010 9:51:48 PM PDT by
jiggyboy
(L)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson