Replies to post #255041 on Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

OT

No, I'm quite sure I was the last one on the boat! LOL Also bought my first home in '89, in coastal L.A., and watched it promptly lose 35% of its value in the next 4 years or so. Owned it 12 years before I could sell it and breakeven. Life is all in the timing. . .

N2B

P.S. Did you see the chart Dan posted comparing home prices to the dollar and gold? An eye-opener (thanks, Dan). If you believe that chart, we are not in a housing bubble in terms of real value (gold), so prices are unlikely to collapse if volume of sales decrease but inflation persists.