Real Estate Bubble
The topic of the month, real estate bubbles, just got an interesting glance from a colleague of mine. His view is simple, average useful life span of commercial and residential buildings is fifty years (give or take a decade). Post-war construction boom lasted well into the 60s. We're fifty years from the beginning of the post-war construction boom, so we're in a post-war "re-building" boomlet. According to him, it should last about a decade. Contrarian for sure, but seems like good sense.