How Many Ounces Of Gold Does It Take To Buy A House In Baltimore?
excerpt:

Saturday I told you that hundreds of houses in Baltimore have sold for less than $10,000 this year. Has the real estate market hit rock bottom? Probably not yet:

An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the market and depressing home prices even further.

So it’s possible that housing prices will decline further, just like it’s possible that gold prices will keep rising to $2,500. Yet we seem to be approaching that market-fulcrum point when a gold-for-housing exchange will yield maximum value.

Fifteen months ago, when gold was selling for less than $1,200 an ounce, it would have taken about eight ounces of gold to buy one of those under-$10,000 Baltimore bargains. Today the price is closer to five ounces.