German LlanosYes, we have prices going down in the Chicago and Southern Florida markets. Short term they might go lower (low income areas) but Long Term my estimate is that they will definetely go up. Am I concern about deflation? No, the guys handeling the economy understand how bad it is and they are sending the right signals to the market. The Japanese experience during the 90’s is something that everyone has fresh in their minds.
Long term I am ready for the Inflation to come: trillions of paper bills in th economy. My strategy: plenty of rental housing and good stocks in leader companies in their category.
Why my desperation to buy and buy more Cheap Rental Housing supply? Because you can lock payments for 30 years at interest rates below real inflation now. Those payments are FIXED for 30 years and rents only with the inflation effect will go up and up. Am I clear enough?
German Llanos