Those who know me know that I'm an optimistic type of fellow. (In fact, most of my personal money is in the market in long positions.) However, real estate seems like a good place to stay away from for a while.
Monday, April 25, 2011
Gone Baby Gone
Okay, I just sold my house in Kansas City and took a six percent loss from the purchase price two years ago. From what I can tell, I got off easy. It appears that prices still need to fall further to get back to their historic trend lines (reversion to the mean). It seems to me to be inevitable.
Those who know me know that I'm an optimistic type of fellow. (In fact, most of my personal money is in the market in long positions.) However, real estate seems like a good place to stay away from for a while.
Those who know me know that I'm an optimistic type of fellow. (In fact, most of my personal money is in the market in long positions.) However, real estate seems like a good place to stay away from for a while.
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