Posted to: General Real Estate News

Historical Real Estate Market Quotes to Ponder

1947: “The prices of houses semm to have reached a plateau and there is reasonable expectancy that prices will decline. ” -Times Magazine
1948: “Houses cost too much for the mass market. Today’s average price ($8,000) is out of reach for 2/3’s of all buyers.” -Science Digest
1969: “The goal of owning a homes seems to be beyond the reach for most americans ($28,000). -Business Week
1981: “The era of easy profits in real estate may be drawing to a close.” -Money Magazine
1985: “If you are looking to buy, be careful. Rising home values are not a sure thing anymore.” -Miami Herald
1986: “Most econonmists afree…a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was.” -Money Magazine
1993: “We’re starting to go back to the time when you bought a home not for it’s potential money-making abilities, but rather as a nesting spot.” -Los Angeles Times (note that 1993 was the absolute low-point for real estate values in Los Angeles. Prices have sky-rocketed since.)
1993: “Financial planners agree that houses will continue to be a poor investment.” -Kiplinger’s Personal Financial Magazine
1996: “A home is where the bad incestment is.” -SF Examiner
So what does this mean? Because real estate is cyclical it can never be a bad investment.


No comments for “Historical Real Estate Market Quotes to Ponder”

Post a comment

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

New Listing: 1086 Spruce, Berkeley Hills
June 4, 2017
By Krista Miller
Albany and Berkeley Make the “Best of” Charts
May 9, 2017
By Krista Miller
How Following Zillow’s “Best Time to List” Tool Could Hurt You
April 25, 2017
By Krista Miller
3405 Wisconsin, 3 beds + 2 baths in the HOT Laurel District
April 6, 2017
By Krista Miller
A Historical Tour of San Pablo Park, Berkeley
March 25, 2017
By Krista Miller