One of the questions I hear over and over is “when will the real estate market return to normal?” There were so many newcomers investing in real estate that have no historical perspective of the market. So many things occurred that had never been seen before. People lacking in experience did not realize that this wasn’t normal. They sit on the sidelines waiting for conditions to return to the way that they were before the bubble burst.
News Flash: It Ain’t Happening!
It seems that during the high-flying days of the real estate boom novice investors were a lot like Alice In Wonderland. They went through the looking glass into a bizarre world of an altered reality where the normal rules of economics didn’t apply. These neophytes jumped in with both feet and paid a heavy price when reality returned to bite them. […]
Original post by Richard Warren and software by Elliott Back
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