So often I am asked if I think home prices are going up or down. I remember in 2004 sitting around a big conference table with my private equity partners answering this same question (we financed large condo projects and bought raw land parcels to resell to home builders). And even with the 30%+ drop in housing prices in America from their peak in 2006, my then most unpopular answer has not changed, its still “down”. Continued
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Book
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My book The New Game provides an economic back-up plan and formula to help us shape our economic future.
It's an approachable and timeless solution promising an era of sustainable economic growth stoked by entrepreneurship and innovation.
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Recent Tweets
- Federal Reserve to buy Treasury bonds - otherwise known as "drinking its own blood". Interest rates will spike as hyperinflation results. 2010-08-11
- Prices of essentials such as food and electricity to inflate, while prices of non-essentials such as big homes and cars to deflate 2010-08-11
- Essentials such as electricity and food prices to inflate in price and non-essentials such as big homes and fast cars to deflate in price. 2010-08-10
- Goldman Sachs bans naughty words in emails. Partners and employees of the Wall Street firm to sell girl scout cookies as well. 2010-08-04
- Real Estate set to plummet, again. Banks will be forced to sell at auction prices which will dramatically reset market prices. 2010-07-13
- More updates...
