NewMexiKen has long been a fan of Andrew Tobias — reading his early, popular books and using for several years the financial software he developed, Managing Your Money.
Today Tobias writes briefly about the Tough Years Ahead, starting with:
“And it could be a decade or two before homes and condos in some places return to their peak prices (at least in “real” terms, adjusted for inflation).”
Interesting stuff, whether one agrees with it all or not.