| | Pop Goes the Real Estate Bubble"All good things must come to
an end", according to an old English Proverb. The "good thing"
I'm talking about now is the Real Estate market of the US. After
phenominal growth for the past 5 years we are seeing signs that this is
coming to an end. The National Association of Home Builders reported
that the growth rate of home purchases in the month of August has
slowed compared to the previous month. If this isn't enough
proof, this article
by Nicholas von Hoffman, a writer for "The Nation" publication is
citing examples that this decline can potential yield a similar "POP"
of the real estate market, much like the early 90's dot-com bust in
2000. Like he said in the article, one quarter isn't enough to
determine a trend so I'm going to sit on the side-line and watch.
If in fact we get this "POP" and massive sell-offs proliferate in the
market, guess who's going to take advantage and become a 1st time home
owner? I suggest you renters out there do the same.
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| | Posted 10/8/2005 11:32 PM - 1 View - 0 eProps - 0 comments
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