PAST QUOTES FROM THE MEDIA REAL ESTATE AND FINANCIAL EXPERTS
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“The price of houses seems to have reached a plateau, and there is reasonable expectancy that prices will decline.” (Time Magazine, December 1, 1947)
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“Houses cost too much for the mass market. Today’s average price is around $8000, out of reach for two-thirds of all buyers.” (Science Digest, April 1948)
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“If you bought your house since the war, you have made your deal at the top of the market. The days when you couldn’t lose on a home purchase are no longer with us.” (House Beautiful, November 1948)
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“The goal of owning a home seems to be getting beyond the reach of more and more Americans. They typical new house today costs $28,000.” (Business Week, September 4, 1969)
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“Be suspicious of the ‘common wisdom’ that tells you to buy now because continuing inflation will force home prices and rents higher and higher.” (NES Journal, December 1970)
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“The median price of a home today is approaching $50,000. Housing experts predict that in the future price rises won’t be that great.” (National Business, June 1977)
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“The era of easy profits in real estate may be drawing to a close.” (Money Magazine, January 1981)
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“…In California for example, it is not unusual to find families of average means buying $100,000 houses. I’m confident prices have passed their peak.” (John Wesley English and Gary Emerson Cardiff, THE COMING REAL ESTATE CRASH, 1980)
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“The golden age of risk free run-ups in home prices is gone.” (Money Magazine, March 1985)
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“If you are looking to buy, be careful. Rising home values are not a sure thing anymore.” (Miami Herald, October 25, 1985)
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“Most economists agree, a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980s.” (Money Magazine, 1986)
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“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, January 31, 1993)
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“Financial planners agree that houses will continue to be a poor investment.” (Kiplinger’s Personal Financial Magazine, November 1993)
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“A home is where a bad investment is.” (San Francisco Examiner, November 17, 1996) “Your house is a roof over your head. It is not an investment.” (Everything You Know About Money Is Wrong, 2000)


