The Thoughts of Lamdar

If you’re buying a house right now because you need a place to live and like the benefits that go along with owning your home, that’s a good thing as long as you’re able to make whatever the monthly payments are. If you want to buy a house because it’s a great investment and you’ve heard people quote the fact that real estate has never gone down, you are quite uninformed. While it’s true that real estate hasn’t gone down across the nation, locally many cities have seen declines. I’ve been hearing many stories about real estate advice that people have been getting, and I find quite a lot of it is very irresponsible. Here’s a page that chronicles real estate articles from the NY Times about the market in New Jersey through the 80’s and 90’s. Note that the main decline was over several years so those hoping for a quick pop will likely be disappointed. “Those who cannot remember the past are condemned to repeat it.”

This entry was posted on Sunday, July 16th, 2006 at 5:52 pm and is filed under Financial. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.