Housing prices have been dropping in Japan and Germany for the last ten
years.
New Jersey had a housing bust about ten years ago.
Los Angeles has had a recent housing bust.
In the US 1930-1940 had a housing bust.

On the long term average housing prices do rise. The question is, how long
are you willing to wait for return on investment? What is that return?

"SAIL LOCO" wrote in message
...
Watch the housing bubble burst

Yea people have been saying that forever. 50 years ago my father was
offered
the chance to buy ocean front property in Ocean City, Md for $100 an acre.
He
said someday they will be giving that away. As anyone can probably figure
out
that never happened.
S/V Express 30 "Ringmaster"
Trains are a winter sport

On Sun, 06 Jul 2003 17:04:27 GMT, "Gilligan"
wrote this crap:

Housing prices have been dropping in Japan and Germany for the last ten
years.

Where the hell did you hear that?

The Japanese bought Rockefeller Center in NYC because property values
were rising so fast they couldn't buy investment property in Tokyo.
They thought property in NYC would be a good investment.




Ave Imperator Bush!
Bush Was Right! Four More Beers!

Read it in The Economist about three issues ago.


"Horvath" wrote in message
...
On Sun, 06 Jul 2003 17:04:27 GMT, "Gilligan"
wrote this crap:

Housing prices have been dropping in Japan and Germany for the last ten
years.

Where the hell did you hear that?

The Japanese bought Rockefeller Center in NYC because property values
were rising so fast they couldn't buy investment property in Tokyo.
They thought property in NYC would be a good investment.




Ave Imperator Bush!
Bush Was Right! Four More Beers!