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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (46632)7/21/2002 10:44:20 PM
From: skinowski  Read Replies (2) of 209892
 
I bought the building where I have my office in 1983. Over the next few years, the price tripled. Over the few years that followed, it got cut in half. I think it’s the same Psych as with paper assets, might be even more so, because it is a big ticket item and a more “real” priority. When the prices go up, they go up big, they CAN really run away from a buyer of limited means. Everyone is in a hurry to buy. When the prices decline, people are in a ‘hurry’ to... wait. A real acceleration IS possible. IMO, indeed.
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