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"Ignore the Headlines!" - Dan Kadlec

By
Real Estate Agent with Landmark Holdings and Property Management, LLC

I came across this article in time.com and found in very satisfying. 

I want to quote some of what he said: "When prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. But those who do pull the trigger excel in the long run. As John D. Rockefeller famously said, "The way to make money is to buy when blood is running in the streets.""

"Risks always seem most acute when the headlines give you ulcers. But that's exactly when you should think long term--and get off your thumbs."

View the article at http://www.time.com/time/magazine/article/0,9171,1713483,00.html

Anonymous
Weary Consumer

Kadlec makes two errors in this article.

 

Scenario #2  payment is 944 not 994.

Second. no matter how you slice it, buyer #2 has over 20K more equity than buyer #1.

For a fifty dollar lower payment.

WC

 

Mar 13, 2008 06:48 PM
#1
Anonymous
James Campbell
Also, on top of ignoring the headlines, Kadlec ignores down payments and closing costs, which would be a combined $5,000 less in scenario #2.
May 03, 2008 03:53 AM
#2
Anonymous
james Salay

I get a monthly payment in Scenario #2 of $996...

Jul 04, 2008 10:39 AM
#3
Anonymous
Alexjoe Mig

He is a smart smart man. I follow his articles.

Oct 20, 2008 02:40 PM
#4
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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