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As Long as There's Been Real Estate, There's Been Naysayers!

By
Real Estate Sales Representative with Capstone Washington Real Estate, LLC

1947:  "The prices of houses seems to have reached a plateau, and there is a reasonable expectancy that prices will decline." Time Magazine, 1947

1948: "Houses cost too much for the mass market. Today's average price is around $8000... out of reach for 2/3 of all buyers." Science Digest, 1948

1969: "The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house costs about $28,000." Business Week, 1969

1970: "You might well be suspicious of ‘common wisdom' that tells you, ‘don't wait, buy now.'" NEA Journal, 1970

1977: "The median price of a home is approaching $50,000. Housing experts predict price rises in the future won't be that great." Nations Business, 1977

Kinda makes me want to hop in a time machine and buy a few of those "out of reach" $8000 houses in 1948! Despite what the "experts" might say - it's always the right time to buy the right piece of real estate!

The S&B Real Estate Team assists people in buying and selling real estate throughout Southwest Washington. We are proud members of Keller Williams Realty - Premier Partners in downtown Vancouver. Our local expertise covers: Vancouver, Battle Ground, Camas, Washougal, Brush Prairie, Hockinson, Ridgefield, Woodland and La Center. If you or someone you know is considering living or investing in Clark County, please contact us. Jamie Carroll can be reached at 360-609-6775 or via the "Contact Us" page at www.MyRealtorIsJamie.com. Steve Borwieck can be reached at 360-241-7305 or via the "Contact Us" page at www.SteveBSellsHomes.net. We are here to help!

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The S&B Real Estate Team assists people in buying and selling real estate throughout Southwest Washington. We are proud members of Premiere Property Group, LLC in downtown Vancouver. Our local expertise covers: Vancouver, Battle Ground, Camas, Washougal, Brush Prairie, Hockinson, Ridgefield, Woodland and La Center. If you or someone you know is considering living or investing in Clark County, please contact us. Steve Borwieck can be reached at 360-241-7305. Or drop us a note on the “Contact Us” page at www.ppgwashington.com. We are here to help!

C Tann-Starr
Tann Starr & Associates, Inc. - Palm Bay, FL

Okay, that was mad cool. I was hoping for a there is a bubble / there isn't a bubble housing quote or two (LOL).

May 07, 2009 07:03 PM
Carl Stars
Sutton Group About Town Realty - Burlington, ON

Very interesting little article .. Always look forward

May 07, 2009 11:47 PM
Barb Szabo, CRS
RE/MAX Above & Beyond - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Jamie, That was very interesting to read. Gives the current situation some perspective.

May 08, 2009 11:50 PM