Dire Media Predictions About Real Estate
Here's an example of how (for years) the media has criticized real estate investing...
Dire Media-Predictions:
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"The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." - "Houses cost too much for the mass market. Today's average price is around $8,000 - out of the reach for two-thirds of all buyers." - Science Digest, 1948 "The goal of owning a home seems to be getting beyond the reach of more and more Americans. "You might well be suspicious of 'common wisdom' that tells you, 'Don't wait, buy now...continuing inflation will force home prices and rents higher and higher." - NEA Journal, 1970 "The median price of a home today is approaching $50,000... Housing experts predict price rises in the future won't be that great."- Nations Business, 1977 "The era of easy profits in real estate may be "The golden-age of risk-free run-ups in "Most economists agree...[a home] will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980's." - Money Magazine, 1986 "Financial planners agree that houses will "A home is where the bad investment is." - |
Ignore The Critics!
In spite of all of these so called "predictions", I continue to build wealth with my investment properties and save a lot of money on my taxes each year...
If you want to succeed, find someone who is already doing it and model them. You don't need to re-invent the wheel because the wealth-building system that I follow is a proven, tried and true investment-property strategy that WORKS!
