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I have heard this argument before and it's not a very good one. To be
sure, much of real estate IS local but one very important aspect is
not--interest rates and financing options. This is what has largely
driven this boom in real estate and that's why so many markets have
been affected simultaneously (but not all).
Bill E.
John wrote:
> RE is local. There are markets that have yet to take off (and likely
> will not be taking off) while other markets slowed down 2 years ago and
> are starting to rise again.
>
> There is no national market in the US. Otherwise everyone would want in
> as the US RE market has not had a down year nationally since WWII. The
> stock, bond and other markets can not claim to never have had a down
> market in 50 years.
>
> So, without getting into the other investment recognize that RE is
> local. There are deals to be had in rising and falling RE markets
> because such deals are driven by the seller's needs and not the market.
>
> John
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Re: Real Estate to slow soon....
