Consumer Confidence Runs Contrary To Logic
How about some bookmark love? ::
When advising clients about the decision to buy in this current market the gold standard question is, "How long do you expect to own this property?"
The general knowledge is that if it is any time longer than 5 years, that the risk for depreciation is minimal.
I'm seeing buyers in this market who are bullied by the folly of the masses. No doubt the bubble fear machine generated the momentum of it's self-fulfilling prophecy. Who is exempt? The high end of the market (greater than 5 million) is exempt from the fear of the masses.
If you want to preserve or increase your wealth in real estate why not follow the lead of what the wealthy are doing? Did you know that the biggest fans of real estate bubble blogs are renters? Renters really have no business advising people on how to increase their wealth in real estate. Let me just reiterate, if you want to look at your real estate acquisition from the perspective of an investment then follow the lead of the rich. Why is the simplicity of this logic not readily apparent?
Maybe the bubble renters can show me the 10% drop in prices on beach homes (ocean side of PCH) upon which this fallacy is based. Maybe they know about some secret patch of land on the Southern California coast that has yet to be discovered.
When advising clients about the decision to buy in this current market the gold standard question is, "How long do you expect to own this property?"
The general knowledge is that if it is any time longer than 5 years, that the risk for depreciation is minimal.
I'm seeing buyers in this market who are bullied by the folly of the masses. No doubt the bubble fear machine generated the momentum of it's self-fulfilling prophecy. Who is exempt? The high end of the market (greater than 5 million) is exempt from the fear of the masses.
If you want to preserve or increase your wealth in real estate why not follow the lead of what the wealthy are doing? Did you know that the biggest fans of real estate bubble blogs are renters? Renters really have no business advising people on how to increase their wealth in real estate. Let me just reiterate, if you want to look at your real estate acquisition from the perspective of an investment then follow the lead of the rich. Why is the simplicity of this logic not readily apparent?
Maybe the bubble renters can show me the 10% drop in prices on beach homes (ocean side of PCH) upon which this fallacy is based. Maybe they know about some secret patch of land on the Southern California coast that has yet to be discovered.
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