On Wed, Feb 3, 2010 at 4:15 PM, Ras Tafari <rastaf...@gmail.com> wrote: > i think the housing dream and mark-up thats gone on for 80 years has > hit its ceiling, and we'll > never enjoy the investment that a house was for our g-parents and parents...
As long as population continues to grow, and as long as populations continue moving from rural into cities, I think real estate will easily continue to be a solid long term growth investment. The more crowded this planet gets, the more value people will find in having their own slice of it, and having that slice be in a desirable location. As more and more people fight to acquire a home, the higher the prices will go. We are in a very serious dip now, but it will go back up. Also - I think it's easy to get caught up in the emotion of what happening in the country and think it's all gloom and doom. There is a PHENOMENAL amount of opportunity out there right now. I know right now you feel that you're on the wrong side of that opportunity, but it still exists. I personally think that in my lifetime there may NEVER be another opportunity to buy real estate and get into the market as great as there has been for the last year and a half. The stock market is healing, the real estate market is too, and will continue to do so. I think alot of people are panicking and getting out of homes just because they are upside down. Those same people have a good chance of driving by that same house ten years later, seeing it selling for WAY more than their "upside down" value and cursing themselves for not sticking in it. I have no idea what the specifics of your situation are though, so really that all may be completely irrelevant to you. -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:311617 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
