Sunday, November 05, 2006

Real estate always goes up!

According to this blogger named golfnut on the Bakersfield Californian web site, real estate always goes up:

"Clearly, you're a believer in the "bubble", however, consider one thing - real estate always goes up. Always."

Read more of this insanity at:

http://people.bakers
field.com/home/viewblog.php?id=303&pid=2416

6 comments:

Anonymous said...

You know, these housing bulls can be easily punctured.

I can recall RE prices dropping in CA in the early nineties. It wasn't that long ago.

Merced Going Quickly said...

Have you seen this?

http://www.marketpointe.com/trends/k0206.pdf

Anonymous said...

That sounds like a troll

Anonymous said...

merced-

No. But thanks for the info.

I receive the monthly new permits information from a local title company and Lennar is #1 for permits this year - by a wide margin.



Crispy&Cole

Anonymous said...

"Toll Brothers Inc. (TOL) early Tuesday said contracts for new homes fell 57% in its fiscal fourth quarter from the previous year as the company said it hasn't sighted a recovery in the residential housing market."

Anonymous said...

In the long run housing is like steel, or milk or sulphuric acid. basic commodity, it always holds stead with inflation and it tends to stay a short step ahead of inflation due to the fact that future houses are going to be further away from city centers. Of course older houses may be more toxic (lead and asbestos) and may hurt that a bit. but that long run is decades - not years or months. 10-20 years - not 1-2. In the short run it can entirely tank just as fast as it skyrocketed. Heck even faster.
Cool.
Cow_tipping.