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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (16109)1/16/2004 12:16:29 PM
From: GraceZRead Replies (1) of 306849
 
I'm speaking in macro terms. The micro, or one person's view, is what makes up the macro, what makes up the market. The market goes to extremes when it attempts to discover price both on the upside and downside but it is the long term trend where the real value lay. When price moves through extremes of that long term trend it is reasonable to expect it to revert to the norm in the future. Above average returns are followed by below average returns. It's not just how I feel about owning or renting, it's basically how markets act.
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