Au contraire, mon frere! Demand in real estate is outstripping supply because it's the only game left in town for the hot money. Lenders are cutting back on commercial loans for silly things like manufacturing equipment and loaning it to anybody with a pulse who wants a McMansion or a Lexus. After CDOs start imploding and the hot money spigot gets turned off, the demand for residential real estate dries up like the Gobi Desert and every sucker who bought a dream house is going to find himself upside down for a decade or more. (HINT: Better LOVE your new house, `cuz you'll be living in it a long, long time.)
There is NO need for new technology over the next few years - PCs don't count because they're commodities now and there's zero profit margin. The world already has enough fiber optic cable and routers to last it for years.
And what new markets are to be tapped? America buys all the world's junk as it is. Nobody buys from us anymore. We don't even manufacture anything - we've lost several MILLION manufacturing jobs the past decade!
If you don't lose your job and can keep up the payments.
Look dude, for personal and historical reasons, I can't stand French. Comprende'?
There was a major real estate bubble on Cape Cod in the mid to late 80's. I moved there in 1991 and bought a house for $170K. The previous owner had bought it for over $250K. At the settlement, when the money was passed around I was able to calculate that she lost just about $80K in less than five years.
The market up there is now climbing - in what is probably a precursor to another bursting bubble.
I'm currently sitting on waterfront property in Maryland that has appreciated by about 25% in three years. I'm beginning to wonder if and when I should get out before the local bubble bursts.