Sizzle….Fizzle….Sizzle
August 10th, 2008 Categories: National and Local Real Estate Appreciation Forecast
The above chart shows the completion of the last real estate cycle with the bottom occurring around June, 2008. There can be some residual downside but for the most part the bottom has been set for Ventura County.
The next cycle has already started and based on data from Ed’s Forecast for the next five years and my own interpretation for the following years after thru the year 2022, Ventura County is going to do very well.
If economic events do as they have done in the past a property selling for approximately $ 465,000 today will appreciate to approximately $ 1,000,000 plus by the year 2022. At that time the cycle will start over again.
It is like being on a roller coaster. Sit back and enjoy the ride.
Save this and let us see what happens.
Your comments are welcomed.
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