Quote:
Originally Posted by Claeren
I don't see how Real Estate tests any new highs in the next 10-20 years. Like I said years ago on cpuck, it is a structual problem just like Japan faced 20 years ago. The baby boomers are in the process of peaking in their earnings (and spending) and when they start trying to live off of those savings (which for almost all baby boomers means their home which is actually more debt than it is savings) it will suck momentum out of the market year after year after year. With less and less people looking to spend, there is less people looking to leverage money, which in turn spirals down the entire economic chain...
Something like this:
http://www.minyanville.com/businessm...d/29937?page=2 |
Interest long term forecast. If you're correct though, it seems more applicable to the economy as a whole, rather than just Real Estate values. We'll be in pretty big economic trouble in all regards.