Barrons on housing
investorshub.com
IF YOU'RE WORRIED ABOUT THE HOUSING BUBBLE bursting -- relax! Pay not the slightest mind to those envious know-nothings who are wailing that house prices today are where stock prices were in March 2000. We can absolutely guarantee that this once-in-a-lifetime boom has at least seven or eight more gloriously bubbly months to go.
So, we urge you, there's not a moment to lose! Put down this magazine immediately! Run, don't walk, to your friendly neighborhood real-estate broker and join the thousands of other shrewd investors madly scrambling to buy second, third or fourth houses.
Our confidence in the continuing boom in residential real estate -- which admittedly is a complete reversal of our previous stance -- springs not from any fresh epiphany about housing or a greater appreciation of its potential rewards. And we're not temporarily in leave of our senses from the shock of having sold our present homestead for a vast fortune; we haven't (maybe because we inhabit a cave, but, if we do say so ourselves, it's a quite nice cave).
Rather, our view that the housing bubble is destined to stay intact and aloft and, indeed, if anything, may get bigger and go higher, is ground in our long, close and continuing study of Alan Greenspan and the often dramatic impact of his actions and utterances on markets. |
