On October 16th Warren Buffett wrote an op/ed for the New York Times talking about the fact that he is going "all-in" on the U.S. stock market.

He admits that he doesn't know if the market will be up or down next month, or even next year, but he is still making his investment today.

Buffett contends that, "But most major companies will be setting new profit records 5, 10 and 20 years from now."

He says a simple rule dictates his investment philosophy, "Be fearful when others are greedy, and be greedy when others are fearful."

He mentions that negative headlines are an investors best friend.

I believe Warren Buffet's philosophy applies to real estate investing as well.

Nobody knows for certain if a piece of property is going to be worth more or less next year.  But it doesn't mean that you don't make the investment now.

Most properties will certainly be worth more in 5, 10, and 20 years than they are now.  Rents will also be more expensive resulting in more positive cash flow from your investments and better returns. 

If you don't believe me go ask your parents what they bought their first home for.  Or think about what you bought your first home for 5, 10, or 20 years ago.  Or what you used to pay for rent a couple of decades ago.

The investments you make today are not for today, they are for the future.  Twenty years from now, as you look back, do you think you will be disapointed that you invested in a piece of real estate at or near the bottom of the market today?