My....has east valley real estate taken a beating price wise.
As we all look at our portfolios, we see that overall the markets have had a good year.
But while the markets have performed well-housing continues it's slow and long winded fall.
If you are of the people ( like me ) that did not buy a bunch of houses during the Great Financial Crisis, you might feel like you have missed out on a once in a lifetime opportunity.
Well, I have good news for you. If you hold gold and silver, a new buying opportunity is coming in to view-especially here in the Phoenix area!!
Over tge last 25 months, the gold to real estate ratio has dropped-dramatically. Houses that would have cost you 250 ounces of gold 4 years ago can now be purchased for as little as 100 to 110 ounces!! So, due to the housing prices going down and gold staying up at around $4,000.00/ per ounce, this puts all of the holders of physical gold at a very advantageous position.