Now let me ask you a question… have you ever blown up a balloon… watched it get bigger and bigger and bigger and bigger, until those around you start to back off, the dog gets under the bed and your kids start blinking their eyes! And you huff and you puff and you blow until-if-just-can't-get-any-bigger-anditpops!!!!!
Lookout… you don't need to wait until the balloon pops to know it will. Didn’t you learn anything from the NASDAQ, from Japan, study history.
Right now real estate is a real bad investment, whether it be the rising taxes, your governments tendency to confiscate your personal property. Or if you have a significant estate the liability associated with ownership of any assets in the U.S.. It's not worth it.
I love real estate, just not U.S. real estate…
Take a look at British Columbia, Nova Scotia, Chile, Eastern Europe -if you must. New Zealand anyone?
My sense is that there will be significant pain amongst those who opt for the white picket fence at this juncture.
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