Friday, Aug 27, 2010
Buckets of rose tinted memories and luke warm wishes
NY Times: Housing Fades as a Means to Build Wealth, Analysts Say
Many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg. Wealth generated by housing in those decades, particularly on the coasts, assured the owners a comfortable retirement, powered the economy, paid for childrens education, kept cruise ships and golf courses full and the restaurants humming. Now many economists are saying that housing values will only keep up with inflation and although a home will return the money an owner puts in each month it will not multiply the investment.
Posted by enuii @ 09:31 PM (593 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. cyril said...
sounds like the capitulation stage of the infamous bubble chart to me
2. Rex Burr said...
They said the same in the mid nineties, that houses would become, in the future, primarily for living in.
I wanted to believe it then and I want to believe it now.
But it was a lie then and I fear that, until a government grasps the nettle of availability of houses, it will prove to be a lie now.