Seems like there MIGHT be some real estate opportunities in some parts of the US.  Short sales in Vegas or parts of CA might be interesting.  Income properties (strip malls) might be available for cheap.  Fourplexes, too.<p>I tend to lean towards our current irrational spending/printing resulting in hyper-inflation (or at least inflation) though plenty of smart people support deflation, too.  If you buy the inflation arguments, don't keep your money liquid.  i.e. If you buy a $500k house and inflation drives it (any everything else) up 10x to $5m, you bought a $5m house for a song.  If you keep $500k in the bank and there is 10x inflation...  Ouch.