Quotes to Live By...sic
– San Francisco Examiner. 1996
"Financial planners agree that houses will continue to be a poor investment."
– Kiplinger’s Personal Financial Magazine, 1993
"We’re starting to go back to the time when you bought a home not for its potential money-making abilities, but rather as a nesting spot."
– Los Angeles Times, 1993 (Note: 1993 was the absolute low-point for real estate values in Los Angeles. Priced have sky-rocketed since.)
"Most economists agree...a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was...."
– Money Magazine, 1986
"If you are looking to buy, be careful. Rising home values are not a sure thing anymore."
– Miami Herald, 1985
"The era of easy profits in real estate may be drawing to a close." (Average price at the time: $28,000) – Money Magazine, 1981
"The goal of owning a home seems to be getting beyond the reach of more and more Americans." (Average price at the time: $28,000) – Business Week, 1969
"The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline."
– Time Magazine, 1947
Labels: FYI


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