Real Estate trends and DB’s presentation was so hot that this provoke me to write few words about this topic.
So let’s take a look of the charts first.
First NAHB Housing Index – Main housing index showing little hope for RE stabilization.
Philadelphia Housing Index – Consolidation mode … No sign for trend change IMO
HGX- 2005 was the PEAK do not listen to experts calling 2006 or 2007 was Peak of RE ..Where is the bottom ?
UK Real Estate – PAIN MODE is ON
Real Estate is main cause of problems for banking sector asRE is main reason for Asset deflation which directly hit Banks balance sheets.
I am wondering why everybody expects to see V shape recovery in REAL ESTATE? I am leaning to L-Shape scenario !!!
I do not know the future of Real Estate but is not the my favorite investment neither in the past or now. Real Estate in long run yeilds no more than inflation.