Toward Ecosophy

It’s sad. My read is that many people think of real estate as the only substantive investment out there right now, and the thing most likely to hold its value, just because it seems less fake than the witches’ brew of dodgy financial instruments currently on offer—and they are about to get hosed. It hasn’t sunk in yet that there really isn’t anywhere very promising for an investor to park their money right now. Unfortunately that includes cash at the moment, which just pushes people into doomed speculative investments. Although you’d think 2008 might have debunked the idea of real estate as a risk-free money-maker; it really wasn’t that long ago!