Dire Media Predictions About Real Estate

Here's an example of how (for years) the media has criticized real estate investing...

Dire Media-Predictions: 

"The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." -
Time Magazine, 1947
 

"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.
The typical new house today costs about $28,000." -
Business Week, 1969
 

"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
drawing to a close." - Money Magazine, 1981
 

"The golden-age of risk-free run-ups in
home prices is gone." - Money Magazine, 1985
 

"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
continue to be a poor investment." -
Kiplinger's Personal Financial Magazine, 1993
 

"A home is where the bad investment is." -
San Francisco Examiner, 1996

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!

 Minnesota Investment Property

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