Leo Lion asked:


Over a year ago, I wrote on Agentsonline.com about real estate values heading lower, and was met with bitter criticism.

It turns out I was right.

If you are open minded and have real estate esperience like I do, then I want to clear the air, once and for all, on several much bandied about real esate quips…like..

1. They’re not making any more land. (False…so much vacant land in terrible places around, and technology can build anything on surface, under ground, in the oceans or in air)

2. Property located near water (lakes, streams,coast, etc.) much more valueable and desireable than other property. (However, if earth cliamate changes as expected, what will these properties look like and how desirable????…and what about those sitting twenty miles inland that will be the new coastal areas????)

See, I’ve heard advice here about buying now, even with falling prices going on, because it will shoot right back up soon.

What do you think?
Smudge…I don’t know what to believe with climate change, because I keep an open mind. When they feed me images of starving polar bears and melting ice, I still can’t totally believe until the oceans expand…then I’ll believe.

…because falling skyscapers still didn’t make a believer out of me.

…and I’m not about to jump into buying real estate now because I do BELIEVE they overbuilt…which is what capitalism tends to do…too much in excess…you know, supply/demand.

EARLE