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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (361)8/28/2001 11:39:58 AM
From: AC FlyerRead Replies (1) of 306849
 
Tradelite:

You've already told us you're a realtor. Please spare us the "they're not making any more land" nonsense from Chapter 1 of the Realtors' Manual.

As I have already pointed out, real estate is always a good investment over the long term. However, the long term can be a very, very long time. In the short term, it is quite possible to lose one's shirt in residential real estate.

I live in a town where the median sale price was over $1 million in 2000 - ridiculous - and I will guarantee you that 2000 marked a short/intermediate term top in residential real estate prices.
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