Before you hear from the nay Sayers, (who tell you that the "real estate boom is over) lets hear from nay Sayers of
the past:
"The price of houses seem to have reached a plateau,
and there is reasonable expectancy that prices will decline" (Time, Dec. 1947).
"Houses cost too much for the mass market. today’s
average price is around $8,000- out of reach for 2/3 of all buyers" (Science Digest, April 1948).
"If you have bought your house since the War...you
have made your deal at the top of the market.... The days when you couldn’t lose on a house
purchase are no longer with us" (House
Beautiful, Nov. 1958)
"The goal of owning a home seems to be getting beyond
the reach of more and more Americans. The typical new house today costs about $28,000" (Business Week, Sept.
4, 1969).
"Be suspicious of the 'common wisdom' that tells
you to 'Buy now...because continuing inflation will force home prices and rents higher and higher'" (NEA Journal,
DSec. 1970).
" The median price of a home today is approaching $50,000....Housing
experts predict that in the future prices won't be that great" (Nations Business, June 1977).
"Financial planners agree that houses will continue
to be a poor investment" (Kiplinger's Personal Financial Magazine, Nov. 1993).
"A home is where the bad investment is" (San
Francisco Examiner, Nov. 17,1996).
"Homes no longer are the place to put your money.
With the recent run-up in prices, don't expect much more appreciation" (Wall Street Journal, Jan. 20, 2003).
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...Lesson learned...do NOT listen to the naysayers who tell you "the real estate
bubble is about to burst...we're looking at unprecedented opportunity ahead.
