Very few people really know when its time to step up and buy.
And fewer even know when it is best to sell.
I have seen older folk living on 5 million dollars worth of land, free and clear, not have food to eat. I had customers visit me over the years, new project to new project and never buy until finally they buy the top. I've had customers miss out on a house and not step up again until prices rose significantly higher and then got frustrated and over paid.
After 30 years of real estate selling, managing I almost seen it all. We never see it all till it happens (if that makes sense). In other words there will always be something new. Such is the case, we are living in mouse exercise wheel just going round and round, and as soon as you get real sure of what is happening, someone knocks over the cage. Your whole perception of your known world is altered.
There really is no fully known course. We like to believe there is because it gives us a sense of security. The truth is, expect the unexpected. I am not trying to confuse but, I am trying to clear things up. Share the truth, not a myth.
My proofs are simple. The 1987stock market crash to most was totally unexpected.
The resolution was even more unusual, the market goes back up, gains over 12 years about 500% or more. No depression, everything turns out ok.
In 1990 oil goes down to $10 a barrel. We should rejoice. No, Saddam invades Kuwait, we go to war. In 2000 stock market peaks out at all time highs, predictions abound for continuation of the same. Not!
I don't like this one, 9/11 tragedy, markets hit hard, real estate and stocks etc.
Markets come back to all time highs in both.
What about oil, did anyone last year or the year before think $134 a barrel was even thinkable. Not! Do you think bad of oil at this high or good? Remember cheap oil brought us a war.
I can go on and on. One thing that is predictable is to do the opposite of the prediction. Or know that at some point the unthinkable will exist. You know that 3 times standard deviation stuff. Albert Einstein proved so many things just with math. And we fail to believe what math tells us.
Something significant will come out of this high oil price. I'm not sure what it is but we all hate it and that's good.
Do you think it is time to buy?
By: Richard Stabile
visit newhomesbyRichard.com
Comments(4)