Everwhere you turn there is bad news about the real estate and mortgage industries.  Realtors going part time and pulling down a "real" job elsewhere in a cubicle somewhere.  Same with mortgage brokers.  Wall Street is flooded with bad news about anything real estate and finance related.  Stocks in these industries have cratered-some teetering on bankruptcy.

This reminds me of an old saying" buy when everyone is selling" and "sell when everyone is buying".  You don't get immediate benefits investing this way but a lot of people have made a ton of money over a longer timeframe than one month or one year.

Considering buying a condo while everyone is selling them?  Contact me and I will make sure you get the best value for what it is that you are looking for.  Whether it be a second home, investment property, or even a refinance-call me and let me find a great solution to fit YOUR needs.

 
This post has been included in Florida Information Broward County, FL Information

2 Comments on Time to be a contrarian?

MAY
30
2008

That's economics for you - supply and demand! When everyone's selling, the prices will get pushed down because buyers will have more leverage.

Of course, the trick is actually having the money ready to make these purchases when market conditions are ready.

11:33am • #1
JUN
09
2008

Even in this market, priced right properties receive multiple offers! A lot of people out there are looking at the future. Good for them!

10:45am • #2

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Steven Angelil

Pembroke Pines, FL

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London Realty Corp.

Address: 9000 Sheridan St., Ste. 90, Pembroke Pines, FL, 33024

Office Phone: (954) 628-5817

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