Quote:
Originally Posted by 911Rob
There's a huge river of negative flowing, but somewhere out there is a meandering stream of positive. Get your boat on the positive stream, the negative one will not take you anywhere but over the waterfall ahead.
People just have to let go of the greed from 2007; go back to 2005 thinking and you'll have success.
I dont watch the news, I dont listen to the negative crap, instead I focus on what I want, I take in the info like data and use it for processing. My development has home prices at the 2005 rates, so I had to be smart about it, but focusing on negative is unhealthy and it surely wont get you anywhere, ever!
What I do is collect all the data, put it in front of me, take in the good and the bad, process the information and then do what feels good; follow my gut. If it feels good to you, excites you and motivates you; then do it. If it doesnt feel good, then dont. However, how you think and feel is largely to do with what you feed yourself too. Positive or Negative? What do you want? Do that. Good luck.
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With all due respect, this sounds like nothing but RE agent nonsense to me. What is "2005 thinking"?? Here in Los Angeles, people in 2005 were under a serious delusion that it was a good time to buy because "RE only goes up". Anyone who bought a ridiculously over-priced house here in 2005 is seriously taking it up the ass right now; upside-down, can't sell if they needed to unless they take a severe loss, etc...
People have made serious fortunes "focusing on the negative". The "negative", as you eloquently put it, is where RE is going and people who realize it and have cash will be in a position to catch the next wave of stupidity when shyt bubbles again. And it's too soon to buy
anything right now, IMO, unless it's a give-away fire-sale type price. You should NEVER buy RE on either side of the top of an irrational bubble curve. That would be when it's near the top of the uphill climb or just starting to slide back to normal. This is about the 423rd RE bubble the world has seen, so it ain't rocket science. RE agents will tell you that it's "a great time to buy" under any imaginable terrible times to buy. Always remember that.
