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Originally Posted by jonesy
there will never be a decline in real estate. ever.
what you will have is a leveling off.
do some research on the history of real estate.
it never goes down. ever.
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When the Tax Reform Act of 1986 was passed investors lost the tax advantage of interest deductions. Since investment property, including single family homes, was not as profitable it dropped in price. The fall of these prices also brought down the price of all residential real estate.
I remember this all to well since I owned several investment property at the time. Of course over time they did appreciate, but the fact remains that almost across the board real estate went down.
I think it's safer to say that over the long run real estate will go up, but there have been times where it has gone down.