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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (26980)2/8/2005 12:27:35 PM
From: Dale BakerRead Replies (2) of 306849
 
I was wondering about real-dollar gains in real estate myself. But the real point was the circular logic of saying all markets will return to their true value eventually. It begs the question of what fair value really is, and the factors (supply, demand, input costs, financing costs, general inflation, alternative investment choices, relative importance of shelter to a consumer, etc.) that determine the magical mean that all markets revert to periodically.

Lots of rhetoric that tells us very little in the end.
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