JRBH

Housing Crisis Likely to Wipe Out Two Decades of Family-Earned Wealth

Rubbish! Except California, Nevada, Florida and Arizona and home values are flat for the time period. I have heard this tripe for nearly thirty years mostly from Wall Street types who see real estate as competition for funds. Experience shows that pent up demand occurring during a housing downturn when released [as it always is] creates recovery in sales and prices dramatically faster than predicted. There are a couple of fundamentals that the "smart guys" always resfuse to accept. There are more new families created every day and night and virtually all of them desire to own a home. Do not confuse homeowners and with speculators. Today more than ever, a home is the families best investment. Bar none.