March 27th, 2008 categories: Buyers, Market Statistics
Hindsight is 20/20
“The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs about $28,000.” -
Business Week, 1969
“You might well be suspicious of ‘common wisdom’ that tells you, ‘Don’t wait, buy now…continuing inflation will force home prices and rents higher and higher.”
-NEA Journal, 1970
“The median price of a home today is approaching $50,000… Housing experts predict price rises in the future won’t be that great.”-
Nations Business, 1977
“The era of easy profits in real estate may be
drawing to a close.” -
Money Magazine, 1981
“The golden-age of no-risk run-ups in
home prices is gone.” -
Money Magazine, 1985
“Most economists agree…[a home] will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980’s.” -
Money Magazine, 1986
“Financial planners agree that houses will
continue to be a poor investment.” -
Kiplinger’s Personal Financial Magazine, 1993
“A home is where the bad investment is.” -
San Francisco Examiner, 1996
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