From the Businessinsider.com:
“In a few locations, the bottom [for real estate] may be close at hand but certainly not everywhere. More importantly, think of tech stocks and remember the creed ‘the last bubble is not reblown’. Ten years after the tech bust, the Nasdaq is still down over 50%. The recovery in housing will be even slower. There is no need to rush into housing at this point even if the bottom was at hand.”
I still have casual conversations with family, friends and business associates about real estate. Everyone seems to be banking on ‘it’ shooting right back to the moon. That logic makes no sense. And even if real estate did turn upward, and even if you had a trend trading philosophy for buying and selling, by now everyone should be grasping that real estate has no liquidity when times go sour. At least if you had an exit strategy with tech stocks you could actually exit.
