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Real estate vs. Bullion...

MrEurekaMrEureka Posts: 24,270 ✭✭✭✭✭
in Precious Metals
Two years ago, it took about 1000 ounces of gold to buy the typical house in my neighborhood.

Today, it's more like 535 ounces.

How many ounces do you think it will take two years from now?
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • ajaanajaan Posts: 17,397 ✭✭✭✭✭
    The average house in my neighborhood, a 1500 sq. ft. home, will cost about 175 oz oz of gold today. I think it'll be about the same in a year's time. In tow year's? Don't know.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    My guess is 277 ounces. Thanks for entering me in your giveaway. image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • ProofCollectionProofCollection Posts: 6,252 ✭✭✭✭✭
    There are a lot of factors at play here.

    Absent inflation and excessive inventory, the median home price would probably return to $130k-140k. (or 130-140 gold pieces)

    I expect the following to occur over the next 5 years though...

    Due to inflation, the price of gold will triple to about $3000.
    Due to over-supply of housing, median housing prices will dip down to $100-110k, or 35 gold pieces.

    10 years from now, the situation may be equalized again back to 130-140 gold pieces for a house, which may mean a $300k median home price.
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