Quote:
Originally Posted by secondcurve
Winerh: Thanks for your explanation. I agree that lake front property prices are in oversupply and this continues to put downward pressure on prices. That being said, there isn't the level of financial stress in the market place that typically leads to fire sales. Rather, we have a stagnant marketplace with relatively low activity. I find it interesting that this far into an economic recovery prices have not rebounded especially when extraordinary low interest rates are considered. My guess is that the market will remain flat for quite a few years to come making up for the rapid price escalation we saw in the past 15-years. This is a classic example of reversion to the mean. Good luck with your search.
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Unfortunately secondcurve, this isn't a recovery and as soon as the Fed stops printing money the bottom will fall out. Although I have to tell you I am quite tickled with the stock market, I'm waiting for the next correction which should be a doosy, so I can buy more stocks, let's just hope it's due to some sanity finding its way into our leaders and not a complete collapse.