The Reality of Real Estate
From an investor in a real estate forum coming to the realization that the saying “Real estate is a can’t lose investment” may not be totally accurate:
I have been ill…I can’t sleep, I can’t eat, when I do eat it comes up. This morning I started the day with a shower and threw up in the shower…
I am barely functioning, I try to read everyone’s posts…
To those of you that insist that these houses were a mistake, you were right.
To those of you offering constructive advice and support, thank you.
I try to read everything but the words are just swimming, I’ll try again later…
The stories of real estate induced financial ruin are sprouting like poisonous mushrooms in articles and forums. Gary Shilling pointed out that we’re now transitioning out of denial which should lead to more price drops:
Now the “interval of denial” is about over, and homeowners will start realizing that if they want to sell, they’ll have to cut prices, says Shilling. But actual recorded sales at lower prices will take a few more months to show up in statistics.
Still, the vast majority of news papers and economists are calling for a housing rebound and strong economy. I hope they’re right but I think they’re wrong.
The photo is called Regret, you can check it out here.










