% | $
Quotes you view appear here for quick access.

CBRE Clarion Global Real Estate Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • edteekay edteekay Jul 5, 2008 11:31 AM Flag

    broader market drop

    The FED can't do anything. We've been overspending, not living within our income, and that's why the dollar is in the tank and oil is sky high. Certainly the gov't has been overspending and with the subprime lunacy, many people also over spent. The gov't can spend it's way out of debt (low interest rates), but only with the cost of inflation and a still lower dollar. When people run out of money which the price of gasoline assures, they use the old credit card and when that loads up and the banks call them on it, both go broke.

    The FED helped to cause the problem with ridiculously low interest rates (Greenspan) like 1%, but it can do little to fix it.

    However, those still with money, like the Arabs, the Russians, etc. will buy RE on the cheap and help provide a base for REITs...I think or I hope.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Basically what you are referring to is that our citizens will mirror the habits of your neighbors across the pond (England); running up credit card bills to protect other access/habits.

      Wonder what is a good entry point for IGR. Definitely not the next 2-3 months.

6.63-0.10(-1.49%)Feb 11 4:00 PMEST