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Personal Finances / Buying or Selling a Home
|Subject: Re: To sell or not to sell...||Date: 2/1/2013 6:29 PM|
|Author: CCinOC||Number: 124655 of 127815|
My main question is does anyone have a good reason to believe real estate prices, in this area, or in general in the US, will continue to go up at a clip higher than inflation, or better, for the next 5-20 years?
Last week I attended a talk by Bruce Norris, a prolific investor in Riverside County, CA. He's buying everything he can get his hands on because he believe CA real estate will appreciate by 20% or more in 2013 alone.
Norris accurately predicted the California Comeback ...
... and more importantly predicted the California Crash.
A lot of California real estate investors follow his advice with good results.
He made a strong argument for 20% increase--all of which I can't repeat here because I can't post the graphs he used--but he was right twice before, so...
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