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Tracking the Track Record
What the ‘Experts’ Say about Housing Price
“The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline.”
- Time Magazine 1947
“Houses cost too much for the mass market. Today’s average price is out of reach for two-thirds of all buyers.”
- Science Digest 1948
“The goal of owning a home seems to be getting beyond the reach of more and more Americans.”
- Business Week 1969
“The era of easy profits in real estate may be drawing to a close.”
- Money Magazine 1981
“If you are looking to buy, be careful. Rising home values are not a sure thing anymore.”
- Miami Herald 1985
“Most economists agree…a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was…”
- Money Magazine 1986
“We’re starting to go back to the time when you bought a home not for its potential money-making abilities, but rather as a nesting spot.”
- Los Angeles Times 1993
“Financial planners agree that houses will continue to be a poor investment.”
- Kiplinger’s Personal Financial Magazine 1993
“A home is where the bad investment is.”
- San Francisco Examiner
