Replies

Now in Boston, or New York, or California, they may be a bit high. But even in these places, I wouldn't wait around for a 50% drop. Our economy is too strong, and the earning power of potential buyers too high, for this to happen.

And the next direction for interest rates is down.

Of course, I could be wrong, or things could change.

And that's the difference between us and the doom and gloomers who have been predicting a real estate bloodbath six or seven times a day, every day for the past few years.

8 posted on 09/08/2006 8:12:55 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)

Another thing to keep in mind is that, although it's a crowded country with limited space suitable for building, Japanese population is stable or even declining. We've added the equivalent of THE ENTIRE POPULATION OF JAPAN since I started high school.

11 posted on 09/08/2006 8:44:47 PM PDT by VanShuyten (One of my hungry and forebearing friends was sounding in the bows just before me.)