You Don't Own Real Estate - It Owns You [View article]
"It is possible that an entire generation will suffer from the sins of the previous generation with flat or falling real estate values. Not a pleasant prospect, but seeking alpha is about facing possibly unpleasant truths not about wishful thinking."
Well said. I constantly marveled at how fast real estate was appreciating - given the fact each year fewer and fewer would be able to afford it. Now that we are at critical mass and have to come to terms with inflation via higher energy costs, it's hard to justify a 1500 sq ft house being worth 1/4 million dollars. But that's just me.
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"It is possible that an entire generation will suffer from the sins of the previous generation with flat or falling real estate values. Not a pleasant prospect, but seeking alpha is about facing possibly unpleasant truths not about wishful thinking."
Jul 13 11:45 am
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All Comments by bluesmoke »You Don't Own Real Estate - It Owns You [View article]
Well said. I constantly marveled at how fast real estate was appreciating - given the fact each year fewer and fewer would be able to afford it. Now that we are at critical mass and have to come to terms with inflation via higher energy costs, it's hard to justify a 1500 sq ft house being worth 1/4 million dollars. But that's just me.