Tuesday, April 5, 2011
Property - Best asset class in America
FORTUNE magazine's April 2011 cover story about property as the most attractive asset class in America.
(i) Dramatic drop in new construction resulted in historically low new inventory
(ii) Steep decline in prices, average 30% below peak of 2006.
(iii) Property prices currently low because of low demand, driven by economy/jobs. Once job creation and consumer confidence improves, prices will increase.
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