14.11.2011 - Why real estate cannot climb for years
From the peak of the real estate bubble, we have had one of the largest falls in real estate prices in history. Some would think that what falls must someday go up, but that isn't necessarily true in this case. For example, the unemployment rate at this time is extremely poor and recent college graduates are finding it nearly impossible to gain employment in work that offers a living wage. So that group has no way to buy a home. Additionally, the older Americans who are working in stable good paying jobs are almost all locked into underwater real estate which they cannot sell. Why?..............................................Full Article: Source
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