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Buy When Blood is Running in the Streets
Buy When Blood is Running in the Streets
This famous quote was attributed to Baron Rothschild in 1871.  The quote is often used by Wall street bankers to encourage investors to buy, but the fact is that the famous Rothschild quote was actually used in reference to real estate.

(Photographer: Simon Howden, courtesy of www.freedigitalphotos.net)
Just before the eruption of the 30 years war in France, people were desperate to sell their property, and thus prices plummeted. Clever investors like Rothschild were there to buy it. Rothschild also advised other investors to do the same, and that is how the famous quote came to be.  One such investor accused Rothschild of being his enemy for advising him to buy "When the streets of Paris run with blood". Rothschild replied, "My dear friend, if the streets of Paris were not running with blood do you think you would be able to buy at the present prices?"
Rothschild went on to build one of the largest fortunes in history, and his heirs continue to enjoy that wealth to this day.
What does this have to do with the current real estate market? Everything. History repeats itself continually, and a scholar of history ... more

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