Replies to post #396180 on Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

Real estate is a perpetual motion machine. Housing goes up. Everyone refinances and invests in real estate. Because demand is up, real estate goes up some more. Everyone refinances and invests in.......... We will all be very wealthy soon. Got to hand it to Greenspan et al. for coming up with a true wealth generating scheme <g/ng>.

[seminole]

<< How long can home prices appreciate at 15% a year if the incomes are barely growing ? >>>

In San Diego, the question is when will appreciation SLOW DOWN to only 15%.