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Reply #21: i would do as my forebears did i'm sure [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-27-06 05:02 PM
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21. i would do as my forebears did i'm sure
in a deflationary style event like the great depression, cash is king, some of those old ladies purchased swamp land for pennies which became property worth millions in their old age when the interstates were planned and built

a little amt of savings becomes a lot during deflation

it's an ill wind that blows nobody any good, i'm afraid

if the housing bubble really did deflate (it won't, that's a dream of young people who see how impossible it is to buy manhattan, coast california, etc. homes on their incomes) but say it did, the people w. any little bit of savings would be idiots to run off to the country when they could buy at the bottom and retire in wealth in their later years
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