Jul 11, 2011
Upbeat Time article: "Why Real Estate May Be the Buying Opportunity of the Decade"
11 Jul 2011
Posted by Andrew Kantor
Nice, upbeat article in Time today — in this writer’s humble opinion it’s worth clipping (physically or virtually) and showing clients.
[W]hen your time horizon is 20 years, the outlook is actually a lot clearer. And right now, all the trends are lining up to make real estate a fantastic long-term buy.
Reasons range from “The Economic Cycle” (what goes down must go up), the size of the bust (and the fact that prices are probably within 5 – 10% of bottom), and what the author calls “the near inevitability of higher inflation.”