HISTORICAL PERSPECTIVE ABOUT REAL ESTATE CYCLES

Here are some comments analysts have made in the past. We are in the 25th month of a current housing downtown. When you read the comments below just think about what would have happened if we would have listened. History often repeats itself and in this case, the media's projection of the real estate market sometimes misses the mark. And, remember to keep in mind the economic law of inflation.

"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

"The median price of a home today is approaching $50,000...housing experts predict price rises in the future won't be that great." - National Business - 1977

"The golden-age of risk free run-ups in home prices is gone." - Money Magazine - 1985

"A home is where the bad investment is" - San Francisco Examiner - 1996