History Repeating

Is the real estate market crash really a big surprise? Real estate is cyclical.  Since the 1950’s, when they first started tracking such cylces, the real estate market has had a history of peaks and valleys. There is always a peak followed quickly by a huge  valley  about every 10-15 years. Most savy investors know this. Buy low and sell high is the mantra. Do you think that the banks and mortgage lenders out there who were giving 100% loans, (sometimes more), would have learned a lesson from the last crash and all the crashes before? You certainly would think so. I find it hard to believe that mortgage underwriters didn’t know that we’d have another fallout. UGH!

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One response to “History Repeating

  1. No surprises here…. prices go up 30% a year and they go down…

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