no, since: 1.) Interest rates on those homes will rise to prohibitive levels 2.) REIT dividend payouts will seem anemic relative to bank deposits 3.) Why spend your $$ on a non-appreciating asset when you can buy into the equity market, designed to outpace inflation, with 100%up room to go!!!!! 4). #3 i am not sure on yet but this may be the buying oppty. Short USD Long US equities Sell bonds buy gold hmmm........ is this the recipie?