Re: Anyone Else At The Panic Point On The Dollar?
That's the great thing about real estate. It's huuuuuge leverage but with essentially no margin calls and much more stable beta if that's the right term. Imagine buying a stock with 90% margin - lol. yes it hurts when prices drop, but you don't have to sell.
Peter Lynch said that real estate has never, ever, ever dropped in a year in this country as a whole since it's been tracked. Of course, this was said a few years ago. I think this year may be a first for the country as a whole.
Anyone know if there is an overall US housing price index? and if it's down for the year. (I'm not talking pockets like Boston or Orlando.)
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