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Spartacus
04-08-10, 02:14 PM
didn't know where to put this - it's got some opinion but looks to be mostly data

http://blogs.reuters.com/felix-salmon/2010/04/06/the-national-housing-survey-and-the-real-estate-bear-market/

writes the author:
confirms what Iíve been hearing anecdotally: that people still believe in housing as an investment, and that the enormous nationwide housing crash has done much less to alter Americansí attitude towards homeownership than we might have hoped.

don
04-08-10, 03:57 PM
confirms what Iíve been hearing anecdotally: that people still believe in housing as an investment

What makes Americanos feel that way? For Joe and Jane Six-pack housing is the only purchase (a long one and one they seldom, if ever, complete) that doesn't plunge in value the instant they leave the cash register. As all iTulipers know, housing historically cleaves tightly to inflation. Magic to Joe & Jane, I suppose. Look, we get something back! (Of course we won't mention who skims the cream off the top when they sell in 5 years or so. ;) )