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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Steve Lokness who wrote (34551)7/30/2005 10:32:43 AM
From: Tommaso  Read Replies (1) of 116555
 
>>>To read your post, an investor could never ever lose money in real estate during the past 50 years.<<

If that had been what I meant, I would have said it.

Oh for heaven's sake: If I said that life expectancy had increased in the last 50 years, would you tell me, "Oh no: people go on getting sick and dying."?

On average, and over extended periods, real estate has appreciated over the past fifty years. Except in certain markets, such as the Boston area maybe 20 years ago, there have not been declines comparable to several bear markets in the equities markets that have occurred over that period.

In the Great depression, the value of real estate declined severely and did not fully recover for about 20 years. Nothing like that has happened in the last 50 years.
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