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People burnt by the market in 2001 are not going back for a long time.
Bloomberg.com could not do anything about it.
The real estate market is overvalued. The real estate prices will have
to wait for incomes to catch up. It could take 5-20 years in a lot of
overheated markets for that to happen. I don't know what the future
portends. That wait could be a crash or a mild decline or a long period
of stagnant prices.
BTW stock market is still overvalued.
Richard Ragon wrote:
> hefferMiller@hotmail.com wrote:
> > Dream on, and then read this:
> >
> > http://www.bloomberg.com/apps/news?pid=20601103&sid=amJynxoSEAco&refer=us
> >
> > John
>
> Wow.. A web site that has a clear interest in people investing in the
> stock market and NOT in real estate?? I am shocked! I cannot imagine why
> this web site for the stock market is claiming that the real estate
> market is going to crash??
>
> -Richard
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Re: Why no posts about the "elephant" in the room?
