Quote:
Originally Posted by Claeren
Well Japan has only gone 19 years waiting for their real etate "investments" to pay out!
Still at 1980 prices! (If you bought 29 YEARS ago you have not made any money.)
(Although interestingly probably ready to boom pretty soon....)
The USA is now at about where 1994 is on this chart (some acceptance but still thinking the bottom is close), Canada is at about 1992 (denial, 'never a better time to buy' talk from realtors).
"Never a better time to SELL" other than yesterday of course....
Claeren. |
You have lots of good posts, here and on the skyscraper site, but this isn't one of them, to compare Japan to USA and Canada is completely wrong for a long list of reasons. Many of those reasons have to do with the economy.
The economy in the US and Canada in particular is doing quite well, unemployment is low, and few societies in the history of our planet have been so short of skilled labour. It's quite shocking to see what % of people make more than 75k now, and the same at 125k ... especially in Calgary. Japan's economy tanked and lots of jobs were lost or replaced with lower value jobs. With N Americans focus on creativity and individual innovation Canada and in particular the US have created all kinds of opportunity all over the place. The current labour position and overall opportunity here in North America is forecasted to be as bright as it has been over the last several years with everyone on the baby boomer bubble getting ready to retire.
Secondly I can show you all kinds of historical curves that could tell any story I want, and none of those are any more relavant than what has happened in China.
I know one thing about investing is that when people seem to simply lose their minds and develop extreme positions. I saw that in early 2007, and a critical mass of these kinds of thoughts will tell me to start buying everything in sight again.