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
Sunday, November 05, 2006
Real estate always goes up!
Subscribe to:
Post Comments (Atom)
6 comments:
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.
Have you seen this?
http://www.marketpointe.com/trends/k0206.pdf
That sounds like a troll
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
"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."
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.
Post a Comment