BAD NEWS HEADLINES FOR BUYERS.....Will we ever learn from the PAST?

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Real Estate Agent with RE/MAX Components - Fallston Maryland

Thought you would like to read Headlines from the past.....

"The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." (Time, December 1, 1947)

# Houses cost too much for the mass market. Today's average price is around $8,000-out of reach for two-thirds of all buyers." (Science Digest, April, 1948)

# "The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." (Business Week, September 4, 1969)

# "The era of easy profits in real estate may be drawing to a close." (Money, January, 1981)

# "The golden-age of risk-free run-ups in home prices is gone." (Money, March 1985)

# "Most economists agree... [a home] will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980s." (Money, 1986)

# "Financial planners agree that houses will continue to be a poor investment." (Kiplinger's Personal Financial Magazine, November 1993)

Share this with your Buyers......this IS a Great Market to Buy!

Robert B. McArtor, REALTOR, Auctioneer, Long and Foster Real Estate, Inc. Maryland HOMES Team.com

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Rainer
23,274
Brian Wentz
Keller Williams Greater Des Moines - Des Moines, IA
Realtor - Des Moines Iowa Real Estate
So true, Robert. Funny how things change, and yet sometimes they don't!
Feb 13, 2008 06:36 AM #1
Rainmaker
187,084
Robert McArtor
RE/MAX Components - Fallston Maryland - Bel Air, MD
Top Listing Agent for Baltimore and Harford County

Brian...I am amazed at the bleak picture the media has painted through-out the years. No wonder Buyers are so nervous.

Feb 13, 2008 07:44 AM #2
Rainer
83,448
Matthew Zgonc
Aksland Real Estate - Modesto, CA
Realtor, CFS, CVS
Thanks for sharing.  One thing I have learned is that real estate is generally a great investment, since over 10 years, it usually doubles.
Feb 13, 2008 09:27 AM #3
Rainmaker
274,100
Kim Peasley-Parker
AgentOwned Realty, Heritage Group, Inc. - Sumter, SC
So even back then bad news made headlines but I am sure the increase in prices didn't make as many.
Feb 13, 2008 04:21 PM #4
Rainmaker
187,084
Robert McArtor
RE/MAX Components - Fallston Maryland - Bel Air, MD
Top Listing Agent for Baltimore and Harford County
I think its great news to share with Buyers.....
Feb 13, 2008 08:24 PM #5
Rainer
86,397
asdf zcxv
Keller Williams Realty - Ann Arbor, MI
Ann Arbor Area Real Estate

Wow this really does explain it all doesn't it?  Excellent history here.

Feb 16, 2008 02:44 PM #6
Rainmaker
187,084
Robert McArtor
RE/MAX Components - Fallston Maryland - Bel Air, MD
Top Listing Agent for Baltimore and Harford County
We are simply in a cycle....unfortunately Subprime mortgages got the blame......
Feb 16, 2008 07:25 PM #7
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Rainmaker
187,084

Robert McArtor

Top Listing Agent for Baltimore and Harford County
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