BLOG - Marin Real Estate

"The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." - Time Magazine, 1947

"Houses cost too much for the mass market.  Today's average price is out of rach for two-thirds of all buyers." - Science Digest 1948 (Average price at the time $8,000)

"The goal of owning a home seems to be getting beyond the reach of more and more Americans." - Business Week 1969 (average price at the time $28,000)

"the era of easy profits in real estate may be drawing to a close." - Money Magazine, 1981

"If you are looking to buy, be careful.  Rising home values are not a sure thing anymore." - Miami Herald, 1985.

"Most economists agree ... a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was... ' - Money Magazine, 1986.

"We're stargint 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 1993 (Note that 1993 was the absolute low-point for real estate values in Los Angeles.  Prices have sky-rocketed since.)

"Financial planners agree that houses will continue to be a poor investment." - Kiplinger's Personal Financial Magazine, 1993.

"A hoome is where the bad investment is." - San Francisco Examiner, 1996