Backup a Second
In regard to my last post (Real Estate) Keep in mind that we cannot rely solely on the past to predict the future, in fact in many cases this is a terrible approach. (Look at Apple twenty years ago until Job’s return). Some may even argue that looking at the past will tell you the opposite of what will happen in the future – statistically something cannot continue to happen in the same way forever. I think with Real estate the situation is a little different. I feel that the past is a good, but by no means perfect indicator of things to come. Yes, I believe that we may see further decreases in value, we may see records broken, but in the long term i truly believe that real estate is a safe and appreciating asset. We need to keep in mind what is happening specifically in a given area, the trends, as well as the plans.
