patrick.net

I don't know what 'recover' means.

Hopefully we *never* 'recover' to the ridiculous price to income ratios that we had in 2007.

In nominal prices, things will recover to that level much sooner than 50 years.

Housing *should* be flat for 50 years -- or more. Your own home is not and should not be thought of as an investment!

The only real estate investing that should be happening are:

- Rentals
- Developers

That's it. People will be much happier when they think of housing as an expense. I don't mean min-maxing either, like many of those "I can rent for so much cheaper!!!" people. Housing should be the *reason* you want to make more money, not the way you earn it.

Kevin says

Housing *should* be flat for 50 years -- or more. Your own home is not and should not be thought of as an investment!

This is the way it was from time immemorial anyway. Did tulip bulbs ever "recover"?

Never knew robertoaribas had such a great voice! Keep on singin that tune, dude !

"It's time to play the music
It's time to light the lights
It's time to meet the muppets
On the the muppet show tonight
It's time to put on makeup
It's time to dress up right
It's time to raise the curtain
On the muppet show tonight"

That's silly!

Which market?

Lafayette? Or Concord? Or Phoenix or Stockton or East San Jose?

Silly Professor!