You Know The Real Estate Market Is In Trouble When…

By
Real Estate Broker/Owner with Lazarus Realty

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:

  1. Buy when everybody else is sad and sell when they are happy.
  2. 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.

If I could I would  share with you the charts and graphs with statistical data assemble by C.A.R but their copyright forbids me from doing so.

Want to buy a home in the Fresno / Clovis area?  CALL ME: Lazarus @ 559.301.1647
Owner/Broker  of  Lazarus Realty

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Rainmaker
490,843
Lorraine or Loretta Kratz
Crescent Moon Realty, Inc. & Land N Sea Auctions. - San Marcos, CA
Certified Negotiation Consultants
So, true where is bottom? I like the stock market. Armmon Hammer had a great saying. Buy when everyone is selling, sell when everyone is buying.
Apr 15, 2008 08:38 AM #1
Rainer
61,374
Lisa Lambert
The Law Offices of Elisabeth A. Lambert - Fresno, CA
Esq. 1031 Exchange Expert
Those are some great observations. I do think we have hit a sort of plateau but I do not think we have hit "the bottom."
Apr 15, 2008 03:44 PM #2
Rainer
22,058
Iriana Shiyan
Artazum, LLC - Bellevue, WA
Atazum Seattle Real Estate Photography

I work in real estate, but I invest in stocks.

Apr 15, 2008 06:06 PM #3
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Rainmaker
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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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