The Bains

As Americans feel the pinch from the rising cost of gas & groceries, inflation is fast becoming a
global problem, says Dr. Mark Dotzour, chief economists with the Real Estate Center at TX
A&M University. The cheap U. S dollar is causing inflation problems for us, but worse in other
countries, such as 30% in the Ukraine, 23% in Argentina, 25+% in Vietnam.
Wholesale prices bolted ahead with energy prices up 4.9%, gasoline 9.3% & food 0.8%.
Everytime the Feds cut rates, the value of the dollar declines. This is causing us to experience much higher inflation, because everything we buy from overseas now costs more
because our dollar is worth less. When the U. S. government barge passes through the economy, individuals & businesses must negotiate the BIG WAKE THAT FOLLOWS.
In the McAllen & El Paso area prices SHOULD INCREASE according to Money magazine.

as low taxes, affordable land & a large labor force in TEXAS are bringing folks here. Builders
are cutting their inventory, according to Brian Binash, president of the Houston Builders Assoc.
Some areas will have a shortage of homes in the summer. This is one of the corrections we need to see. New home starts at lowest levels in Texas in 5 years. Lenders flooded the market with loans of borrowers having poor credit & this is correcting itself also. All of this has supply exceeding demand, but turning around in TEXAS. Prices got soft, but are beginning to firm up. TEXAS IS THE PLACE TO BUY NOW!