A great article recently appeared in Time Magazine ( Feb 25, 2008),featuring famed money manager Peter Lynch. His wisdom on money making ideas, especially with stocks and real estate, has earned the reputation of a leader in his field. The one statement he gives to investors and buyers is IGNORE THE HEADLINES. John D Rockefeller famously said," The way to make money is to buy when blood is running in the streets." And the streets are stained with crimson, is Mr Lynch's thoughts on educating our buyers NOW is the time to buy. Few people see the opportunities to buy when stocks are down, or prices on homes are dropping. The article gives an example of considering a typical home that sells for $218,900 at current interest rates, and the difference if your client waits 6 months or a year to "wait for a better deal". Those that move forward NOW will benefit the most in the long run. There is ample inventory of new construction, awesome resale, upgrades for most buyers that they could not afford in a hot market. And interest rates are GOOD.
The most important lesson in this article is for us as REALTORS to educate our buyers on the great market and opportunities currently available. It is also great for sellers to get out of the home they have outgrown and get into a more comfortable home and still gain equity in the long run. The media will NOT help us to spur the economy or help the sagging market. This is not their agenda. Anyone with half a brain knows the constant negative news is politically driven to bring our economy to a screeching halt. Why would the mainstream media risk driving the American economy into a recession? Because they have an overwhelming desire to mind control the American people that are the core of the economy. It is their Liberal Agenda. Sounds outrageous? Because it is an election year and they want to press their agenda. Outrageous? OK but remember this blog when someday you realize it is on the money and the mainstream media is this country's worst enemy! They cause more harm than good. If this were not true they would not have a daily barrage of brick busting negative news pushing for a recession. Smart investors, smart REALTORS, smart Americans will IGNORE THE HEADLINES, and move forward to invest in the economy instead of trying to help cripple it. Robert P Bowman is a licensed professional REALTOR with Cornerstone Real Estate Professionals and can be reached at 435-512-7214 or e-mail loganrealtor@gmail.com
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