He said the downturn in the housing market has led to a "rebalancing" of consumer attitudes towards homeownership. Americans are adopting a more realistic approach and are now less willing to take risks, he said.
The pendulum is swinging from can't possibly lose to can't possibly win (headed towards the green circle). While a more realistic approach has been adopted, it has yet to teach the lesson of humility and risk aversion. When it does, real estate will become an area of interest.
Market Value of Residential Real Estate As A % Total Assets And
Corporate Equities and Mutual Funds As A % Total Assets:
0 comments:
Post a Comment