If you have cash on hand and want to avoid the aomost certain upcoming currency devaluation and take advantage of the probable inflation that will follow, buy some real estate.
But you need to be very careful. Very informed. Use a Buyers Broker and a good but inexpensive attorney.
Here an excerpt from one of my real estate newsletters:
Rising distress sales slash prices by 38 percent
"ORLANDO, Fla. – Feb. 3, 2010 – Distress sales are driving the region’s housing market to such a degree now that two-thirds of the existing-home closings in the Orlando area last month involved bank-owned or short-sale properties, according to a report released Wednesday.
That growing number of desperation sales, combined with the region’s free-falling condominium prices, drove down prices overall last year by more than one-third, to a median of $130,000, compared with a midpoint of $209,000 in 2008, the Orlando Regional Realtor Association said. "
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