Real Estate too high priced?

Watch out now. What has happened here is that the stockmarket is going nowhere and therefore now the only place to invest is in real estate. High values means that the dollar is worth less. Has your earnings gone up 3 fold? What does your weekly wage look like to compare to the cost of a house now? The smart people already have their properties, the gamblers have bought several but to pay mucho property tax. When the property doubles in value when purchased the property tax doubles. This is great for the tax collectors. At least California will benefit from this to pay for their shortage.
All of this results in more poverty for those who do not have real estate. The wealth grows for a few and many are left behind. Inflation is very high but not figured in by government because government spending is the culprit. As government spends more and more and increases their debt into the trillions the dollar becomes worth less and less and if you would go to England you cannot afford to purchase anything. They are keeping the interest rates low in order to prevent a depression and economic collapse but with the worthless paper money floating around with tremendous debts behind everything there is a sign of "bankruptcy" evolving in the future. Other countries have invested in USA and might find themselves one day losing it all. Americans has invested in China and some other countries to outsource and save money but the future also might end up bleak for that too one day. China is still the number one enemy for USA and could confiscate the USA investments quite easily. There possibly could be an economic war in the near future to prevent the collapse of each country within their own economies.

A memo by Dr.Roy Foster
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