Zeev's Turnips Patch-No Politics (ZEEV)

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The current rate of inflation exceeds the
risk free rate of return by approximately 360 basis points.

That "approximately" should be "at least". I'd say more like 600, but, of course, it all depends on what you're buying. That's the heart of it, though... interest rates are too low, but only such rates can prop up the real estate market.

If the rates stay low, the Dollar tanks. If they are raised to protect the Dollar, or to entice foreigners to continue funding our government deficits, then real estate tanks.