Scott Richard Wallace, a San Diego carpenter, doesn't share that view. "Housing is always a good investment," he said in an interview after the poll. "I don't see it ever losing."
DENIAL is the first reaction to a bad situation. Many of these homeowners are just unsophisticated and do not understand the markets to know that RE is cyclical and tends to correct downwards almost as much as it goes upwards.
I know a lot of people involved in the construction industry and with only a couple exceptions, most of them have a fairly narrow view of the RE market.
.
