Sunday, June 20, 2010
IA Short-Sells Dollar!
Recently I short-sold the dollar for 30 years. In lieu of a good fath deposit with a commodities dealer, I made a down payment on a house "purchase". In the US a good way to issue long-term fixed-rate debt is to "buy" a house. So I did. WC Varones, I salute you, see WCV's 12 January 2010 post:
http://www.wcvarones.com/2010/01/how-i-learned-to-stop-worrying-and-love.html. Houston real estate is cheap compared to that in Los Angeles. I estimate my house would have cost 4X as much if in say Woodland Hills, CA, about 25 miles northwest of downtown LA. Zimbabwe Ben help me pay my mortgage. No exit! Tax credits! Panem et circenses!