Cool video clip.
"People think that there is a strong historical uptrend [in home prices]. In fact, there is not. If you correct for inflation home prices in 1990 where the same as in 1890. That reflects the fundamental fact that housing is a manufactured good. It depreciates, by the way. And even if it doesn't depreciate, they can make more of them."via Big Picture
Mahalanobis - am 2008-09-05 10:35
David Oxhandler (guest) meinte am 6. Sep, 17:58:
manufactured housing as the solution
Im following Warren Buffett and investing in manufactured housing as the solution of the near ans extended future. Manufactured housing has matured greatly over the past several years into a very reliable and economical alternative to conventional building. Factory built housing makes a lot of sense. If you were going to buy a new car would you purchase all the parts and get some guys to build it in your driveway? The same scale of economy and benefit of assembly line production can be found in today's modern factory build homes. There is a great video on line with Architect Sarah Susanka describing manufactured or prefab housing and why manufactured housing is built in a controlled environment by craftspeople may be of higher quality than a home built on site. at http://mfdhousing.com/portal/stories.php3?nid=6587
Stxx (guest) antwortete am 10. Sep, 01:52:
High quality?
You can only talk about high quality US housing which is low quality elsewhere. Good luck following Warren Buffett. Did you also do a start-up insurance company in the municipal bond market?
champs (guest) meinte am 11. Sep, 02:35:
However in 1990 the housing bubble had not begun to inflate yet (one of the biggest in the history of the world). This 1890-1990 comparison is only how a permabull would see it.
