Sellers smoke crack and the winner of eight Olympic gold medals smokes weed. i think some sellers are not so much delusional as they are trapped and have to ask the inflated price because they are upside down.

My investment properties are in OKC and all of the policies are seeing about a 25% rise on renewal due to Farmers increasing their rates on investment properties.

Quantity -Ingredients and -Supplies needed:1 FED = private, monetary-value-controlling, monopolistic organization, aka. the Federal Reserve1 Recessed Pan = naturally recessed economy (you can find a naturally recessed economy anywhere a population has over-inflated the value of a commodity that the masses don't buy into or aren't ready for, i.e. dot-com crash early millennium).1 Government Bowl = includes 2 questionably elected presidential terms by a silver-spoon fed, low-to-average intelligence, puppet and his all-too-shadowy, dictator-wannabe, viceroy of "capitalism".

The question is how will it go out; inflation or deflation.

As for the affordable housing situation, for years prices were inflated by bad appraisals and those inflationary prices made it difficult to find affordable housing.

The prices where inflated in a huge way.Waste of time for an investor...

But then you have to say "with inflation, that will mean $12,000 in nominal dollars when I retire".

A producer who sees his raw material cost rise will simply raise prices to keep up.

It might be MORE than you are getting back in saved taxes today.Couple that with the spike in inflation we are going to see later this year lasting well into 2011 and you are really losing money.I look forward to all the comments from our community.

Historically real estate has just matched inflation.