Many people are feeling a sense of doom and gloom over the current real estate market. However, this is not the first time that home prices have adjusted. In fact many times the housing market has taken different turns historically. Here are some quotes from periodicals that should make you smile:

"The prices of houses seems to have reached a plateau, and there is reasonable expectancy that prices will decline." Time Magazine, December 1, 1947

"The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." Business week, September 4, 1969

"Most economists agree. . . .(a home) will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through the 1980’s." Money, 1986

"Financial planners agree that houses will continue to be a poor investment." Kiplinger’s Personal Finance. November, 1993

The thing to remember is that you alone can determine how long you are going to live in a house. If you think you will be in one place for many years, the odds are that you are making a good investment. Housing markets rise and decline over the years. Our team sold a 3 bedroom home in 2003 for $350,000. The seller had bought that home with her husband for $7,200 in 1947. She had raised two daughters there and had actually paid off the home in 1977. From 1977 until 2003 she lived there mortgage-free. When she and her husband bought the home in 1947, both of their parents told them they had made the most foolish mistake of their lives. You decide.