Residential real estate has fallen apart and is nearing a bottom. Commercial real estate is farther up the curve and falling fast. Here's a video of a real estate investor that Paul Kedrosky posted. The beginning has the bit about real estate. At around 5:00 they discuss the Stimuloid Porkgasm™ and everyone becomes very, very angry.
The current market scenario has brought everyone on his toes. One should be careful before investing in real estate. Do confirm prices by other builders/other sources.
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