"..purchase a large component of (already built) labor and the natural resources for a song."
One of the arguments in favor of deflation, fuagf, is the number of retirees set to hit our nation (it's already begun, by the way, a few years ago).
Supply of fresh workers are dwindling, and the large number of sitting, vacant homes are beginning to show signs of wear and tear. Facing an oversupply of homes, tighter-than-usual credit, and high unemployment...costs ultimately have to come down.
"...There are Many really nice communities in the US that are crying out for these very people."
Unfortunately many of those neighborhoods belong to the same master-planned communities that dot the landscape in problem states such as Nevada, California, and Florida. And, once again, while that presents a bargain for those interested in buying homes...there is still the problem of oversupply!
Just my two-cents....
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