Deal with Corporate-Government Collusion Or We’re Doomed as a Nation
A friend of mine who runs a very successful hedge fund cautions me to expect inflation, and suggests that perhaps it’s a good time for me to get back into real estate. But our discussion so far leaves me unconvinced:
Friend: May be time to buy real estate again.
Craig: Yes, I really think that dollar-denominated assets have to appreciate. Real estate scares me, though, with the glut of foreclosures, etc.
Friend: Yes, but it’s always darkest before the dawn.
Craig: The fundamentals of real estate don’t appeal to me, especially Americans’ gross inability to compete (more…)