its not the real estate, its the land. houses crumble and wither.

good luck passing on a condo for x generations.

Of course. And when I talk about real estate over generations (or even on a 50+ year time frame), I most definitely mean land.

"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."

- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929