We had a huge real estate market boom... and an equally huge crash.

I lived in Houston in the "boom and bust" late '70s and '80s (when the average house lost 1/2 its value and we got the innovative Resolution Trust Corp).

If there is a plan to put something in hop on any deals near by that because it is bound to boom.

Originally posted by "arneyd": I just purchased 2 PSL's for the Chicago Bears, I am expecting 20% return on my investment (based on previous sales in mine and other similar sections), and I get the seats forever, so this is essentially a piece of real estate I just bought.Should have bought them in 85 before the "boom". ;-)

Could you imagine the people who made all these silly calculations in 2005 and 2006 during the peak of the real estate boom.

So, even if this were only a typical boom/bust cycle (it's not) and if prices would bottom in 2009, it would likely take until 2019 for inflation adjusted prices to just reach their previous highs.

I began with landlording small duplexes and sold them all.During the housing boom I took an interest in flipping until it all went sour.

Investors see activity, so they jump in not wanting to miss the boom.

Thankfully, they're also incorrect.So many Americans own their homes free and clear that reverse mortgages are realizing a boom in popularity.Reverse Mortgages Boom While the Rest of the Industry Swoonshttp://realtytimes.com/rtpages/20070430_reversemort.htm

Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.