"Harry Dent said the best bargains on real estate will be around 2020. The baby boomers are still young enough to enjoy their primary home, vacation homes, and other properties. When they move to assisted living or nursing homes, there will be a glut of properties at fire sale prices near the end of the decade long economic bust cycle. If you think it is bad now, it will get progressively worse over the next 13 years. Homes will be thought of as liabilities, not assets. This will be a major paradigm shift for most people."
Best time to buy RE: 2020 (ZT)
"Harry Dent said the best bargains on real estate will be around 2020. The baby boomers are still young enough to enjoy their primary home, vacation homes, and other properties. When they move to assisted living or nursing homes, there will be a glut of properties at fire sale prices near the end of the decade long economic bust cycle. If you think it is bad now, it will get progressively worse over the next 13 years. Homes will be thought of as liabilities, not assets. This will be a major paradigm shift for most people."
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Smile. This wont be a popular view here.
-山高月小-
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08/12/2007 postreply
14:33:46
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Homes will be thought of as liabilities, not assets.
-clearwatermoon-
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08/12/2007 postreply
15:08:33
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This is total BS. He forgot immigration and population growth
-miat42-
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08/13/2007 postreply
08:30:58