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You Know The Real Estate Market Is In Trouble When…
Get-rich real estate books also hit a slump Which is somewhat ironic because usually when these books are flying off the shelves and everybody is in a real estate buying frenzy you’re probably near a market top.
I am a real estate investor and a stock investor. I have done fairly well with most of my real estate investments but I’m going to tell you a little secret - Lazarus has made far more money investing in stocks than in real estate. There are several one-liners that I have heard about timing stock trades over the years which have stuck with me. Here are a couple of my favorites:
Buy when everybody else is sad and sell when they are happy.Buy straw hats in February, sell them in July. I think the same principle applies to real estate in terms of those who are buying for investment (capital appreciation and income).
Anyone who has followed my blogs knows that I have been very bearish on buying real estate until the numbers indicate we have bottomed out. I do believe we have hit A BOTTOM I just cant tell you if it is THE BOTTOM - only time will tell that.
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