11-01-2007, 01:13 PM
WRXtranceformed Wrote:As far as real estate investment, it is a cyclical market. It will go up again, you can quote me on that. I'll likely be out of the business by then, but I can guarantee that within the next few years..barring some huge economic disaster...house prices will increase again. This happened in the 80s when interest rates were like 19% and again in the early 90s.
sure they'll increase again, but who's to say they're done decreasing? until my peers can afford homes in reasonable areas, the market is inflated and has nowhere to go but down. people retire, people die, people leave areas... if there is a giant chunk of the age bracket unable to buy these homes, it doesn't work.
I Am Mike
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.
4 wheels: '01 RAV4 (Formerly '93 Civic CX, '01 S2000, '10 GTI, '09 A4 Avant)
2 wheels: '12 Surly Cross-Check Custom | '14 Trek Madone 2.1 105 | '17 Norco Threshold SL Force 1 | '17 Norco Revolver 9.2 FS | '18 BMC Roadmachine 02 Two | '19 Norco Search XR Steel (Formerly '97 Honda VFR750F, '05 Giant TCR 2, '15 WeThePeople Atlas 24, '10 Scott Scale 29er XT, '11 Cervelo R3 Rival, '12 Ridley X-Fire Red)
No longer onyachin.