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Is inflation comming? Are we all screwed? What's a dollar worth? HELP ME PLEASE

By
Mortgage and Lending with Level 4 Funding NMLS 1018071 AZMB 0923961

Just meet a bidder at the auction who claims that she is backed by a half billion dollars in hedge fund money to purchase homes at foreclosure.  I did not believe her until I saw her purchase 10 home in a single day.  (she seemed not to care what the price was) She says that her goal is to purchase 1,000 homes by year end and hold them for rentals for ten years. (I cant emagine dealing with 1000 renters)

WHY??? 

I think people in the know...smart people ..smarter than me and you know that in the next few months we are going to see double or even triple digit inflation.

This is going to happen fast.  You will wke up some morning, turn on the news..and...bingo banjo bongo....we're screwed..

 

What do U think?

 

 

Comments (2)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes...to your post. On the purchasing of rentals, that strategy is a good one...Gotta park money somewhere and this keeps it at least semi-liquid with the cash flow....

May 01, 2012 12:08 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

With the full power of the national government fueling the momentum, how can an investor miss this train?  The bulk of government intervention in the housing depression has been to help homeowners become renters.  Without passing judgment on this strategy, one can't fail to observe that there is an almost endless supply of renters, and more are being created daily. 

I have serious doubts that inflation will increase beyond moderate in the next several years, and fail to see the relevance between your inflation fears and the wholesale purchase of rental property by investors.  Can you help me out on that one?

May 01, 2012 12:22 AM