We just saw this posted on Yahoo Finance, a site with huge viewership from prospective buyers, how will this impact future demand? We asked Kirk Nace for his take, Nace said "Altucher is considered extreme by many and yet I personally find his perspective and views on housing generally more CONSERVATIVE than my own. I saw the interview and really have no significant disagreements with his general premise. The National Associations of Realtors, and a few other self serving groups have long promoted home ownership as 'The American Dream.' It's not a dream, its a nightmare and even during the best of times, residential real estate in the US basically keeps pace with inflation, it's no great investment. We have been working with The RESULTS Group on a program entitled 'Live for Free Forever' wherein we take the reality of today's US Housing market and show people how, generally within 3 to 7 years, they can create a situation wherein they are in fact never again dipping into their own pockets to pay for housing. This concept is employed by only the sharpest of all potential buyers, for most home ownership is simply an albatross they have been brainwashed into carrying around their necks."
Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/tech-ticker/why-i-am-never-going-to-own-a-home-again-536051.html
