Keep the Housing News You Hear In Perspective
by Blanche Evans
Realtors Bob and Nancy Hunt liked what they heard at a recent Orange County Association of Realtors meeting. Local economist Gary Watts gave a talk where the main message was -- keep news about housing in perspective.
The popular press has called an end to housing for some time, says Watts:
"The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs about $28,000." Business Week, 1969
"The median price of a home today is approaching $50,000 ... housing experts predict price rises in the future won't be that great." National Business, 1977
"The golden age of risk-free run-ups in home prices is gone." Money Magazine, 1985
"A home is where the bad investment is." San Francisco Examiner, 1996
"We want to share some of his other observations," said the Hunts. And they did so by sending out a newsletter to their contacts filled with interesting facts and figures Watts gave during his talk.