Of course real estate goes up, goes down or can be flat.
This particular thread is of interest to me because:
1) I am fascinated how west side real estate goes up and down faster than some stocks I own;
2) I like speculating on the reasons that it goes up and down;
3) I think that the west side is a leading indicator for the rest of the city.
For example - the $2.4M sale doesn't pass the smell test with me. Seems fishy. Too bad that guy johnny horton wasn't around anymore - from what I gather, he seemed pretty bright and might have offered some insight into these sales other than houses go up and houses go down
George Carlin once said "Think of how stupid the average person is, and realize half of them are stupider than that.”