In: History Housing Source: Ritholtz
A chart illustrating why home are still overvalued.
April 7th, 2011 at 12:32 pm
March 31st, 2012 at 2:22 pm
So investing in housing is a bad investment- got it? Great so now maybe we can all get back to buying houses for the purpose of living in them. I hate all of you F@@ing insects who drove up the home prices and destroyed the economy. Because of you now I don’t have a job but I am sure that can’t possible bother insects like you. How does it feel to wake up every morning knowing that everybody hates you?
October 20th, 2012 at 11:11 am
We need to start printing our money against US oil and gas and new technology nuclear instead of Saudi oil. The dollars had nowhere to go but housing. Now money is being printed to make mortgage holders whole and maintain consumer credit.
October 20th, 2012 at 8:51 pm
I’ve made money in good times, made money in bad times in real estate. My son is flipping a house for an 80K net profit this month. For every person that is a loser there is another who is a winner. Real estate profits take knowledge, skill, timing, patients, and holding ability. As it relates to the chart above in 1900 only 8% of homes had indoor plumbing. No surprise modern homes sold for a lot more than those in 1900. What the market is today and where it is going is the only relevant perspective. Today when you can borrow at less than the long term expected inflation rate and buy 50% of replacement costs it makes little sense to be running around announcing the sky is falling. Buy from those how believe the sky is falling and 5 years, 10 years from now be sipping drinks on the beach with me while everyone else is working for a Chinese owned company for chicken feed.
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