Porsche-O-Phile |
11-20-2011 05:07 AM |
That's the thing - on paper everything will be wonderful as far as RE values go but in terms of who can afford it, the upkeep, energy costs, etc? Not NEARLY as lucrative as in years past. The entire asset class is in the schitter - commercial, residential (single-family, multi-family, condo, etc) and is so overbuilt its going nowhere fast.
The entire US economy is GOING to be weighed down by RE for decades. No question in my mind at all. Add skyrocketing inflation (which is coming) to the equation and good luck breaking even, much less making any money in it.
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