In terms of the US economy as a whole, I dont believe in the fiat currency. But I dont understand the whole QE thing. Does the treasury just go into debt to the FED and then print or otherwise digitally create the currency? Weird stuff.
To be positive about REI:
People who know nothing about Real Estate are starting to see the opportunity that low prices can create. Just the other day, our lawn maintenance guy was talking about buying a house. This tells me that we may not have long at super duper low prices.
Didnt Wells Fargo just drop their minimum FICO's on FHA loans below 600 if you put 10% down? That sounded aggressive to me. But that was just an email I got from a broker. I bet the underwriting on those files will still be a nightmare if any of it ever gets closed.
And yes we are getting calls from new investors, seasoned investors, and even people who got their butts kicked in 2007 that are ready to go back in swinging.