When the topic of the real estate comes up there is a big line draw between the people who say a crash is near, and the people who say a crash will never happen. As history has taugh us, things go through a cycle and usually we can find how the market will be affected by looking at how it was decades ago.
Here's a short article from the Wall Street Journal about this topic.
RealEstateJournal Housing Market May Land Harder Than Economists Expect
What is really interesting is the graph they show for the market from the 80's to today.
There seems to be a very similar peak in the 1980's and 2006, with a similar expecting drop. Does this show the future? I'm not sure but I am saving my money just in case.
Rob
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