tag:blogger.com,1999:blog-5465015914589377788.post7670367867935292189..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: Real Estate Lessons from ChinaMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-34827885713465016942011-10-26T20:17:14.948-04:002011-10-26T20:17:14.948-04:00@Robert: You're right that the same could be ...@Robert: You're right that the same could be said of other asset classes. I chose real estate because that is the current asset class that some perceive as "always goes up".Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-16119994263101883852011-10-26T14:37:09.323-04:002011-10-26T14:37:09.323-04:00An interesting post. Of course, the same could be ...An interesting post. Of course, the same could be said of any asset: stocks, bonds, real estate, gold, forest, oil royalties, etc. Each have tended to go up in the past, but none come with a guarantee (except bonds) of a future value.<br /><br />I'm sure people are making a bundle of money by speculating on real estate in China. But they should keep very aware of changing market dynamics. Humans are very good at extrapolating current circumstances, and very bad at predicting directional changes.Roberthttps://www.blogger.com/profile/12961149077824073687noreply@blogger.com