If you've owned your home for a while, you know that it's probably worth a lot more than what you paid for it. In fact, over the past five years, U.S. residential property has increased in value by almost 50 percent, according to the Federal Deposit Insurance Corp. That's a pretty impressive appreciation -- but it doesn't mean that real estate is a "can't miss" investment.
November 08, 2005
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what doesn't take time to liquidate is condos - bought on spec to flip. Houses will fall slower (as people live in 'em). But condos are about to implode
I also think that real estate will over-correct (fall past the mean) - this will become a great buying opportunity - but don't buy too early - 10%, 20%, 30% drops aren't enough. Wait until the panic buying seems to be subsiding then swoop in and buy buy buy (2009 or so)
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