Is Real Estate a Fad?
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[Excerpt] According to the American Heritage Dictionary of the English Language, (Fourth Edition Copyright 2000 by Houghton Mifflin Company), a fad is defined as: “A fashion that is taken up with great enthusiasm for a brief period of time; a craze.” Could real estate investors be subject to “a craze”? It sure feels that way. The scene is a crowded market and all around me people feel desperate to purchase at least one of what is being sold. Am I describing my experience of buying a pet rock as a child or today’s world of investing in real estate. The answer is, in fact, both. Don’t misunderstand me, I am not really into fads: No fad diets for me or break dancing in my past. Mohawks were not for me. I don’t get up in the morning on the lookout for the latest craze, but nonetheless, the real estate fad seems to have found me.
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Cornell Real Estate Review
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Vol. 4
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2006-01-01
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REITs; housing; investments; boom; overpriced; fad; supply; demand
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Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
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