Don't we always hear the old saying that... Hindsight is 20/20?
Hindsight allows us the experience of seeing things crystal clearly, since they've already happened! We can always look back at what happened in the past.
Simple concept, right?
Why isn't our vision as clear in predicting or seeing the future?
Simple again, because it hasn't happened yet. And, often times we fear the unknown.
But, doesn't looking back into the past, often help us to SEE things in the future? I mean, if we really want to, that is.
For some, maybe they don't want to see what is going to happen.
I know that we are living in complicated times today. And, I know that we are in the process of many changes to our economic structure.
But essentially, to a certain extent, doesn't history repeat itself?
Isn't the economy cyclical?
Isn't the real estate market cyclical?
So, doesn't that mean that if we follow the economic cycles of the past and apply them to the future, we should have somewhat of an idea of which way the economy could or may be headed?
Isn't it true that what must go up, must come down?
And what goes up fast, must come down fast, too? Right?
It doesn't seem to be that complicated a concept.
So, FINALLY, you're probably thinking...to the point of my post...
How many times have you said, or have you heard someone else say,
"I COULD HAVE BOUGHT THAT HOUSE (or piece of property) 20 YEARS AGO FOR 'X' AMOUNT OF DOLLARS. AND, TODAY IT'S WORTH 5 TIMES THAT AMOUNT! IF ONLY I'D BOUGHT IT BACK THEN! "
Not trying to be a smartie here, but if I had a dime for everytime I heard that... I'd be RICH!
HMMMM... the grass always seems greener in the past, somehow. Because, it is no longer unknown to us!
But, the bottom line is that "NOW IS THEN, IN 20 YEARS, YOU WILL BE SAYING THE SAME THING!"
We are always fearful of the unknown, of the future, because we don't know where it will take us.
But, the reality of it is, people will always need a place to call home, a roof over their head...that will never change!
Don't miss opportunities available to you today, because you are afraid of what the future may bring. There will always be ups and down in your life, in the economy, in the markets.
Don't let fear paralyze you into inactivity. Some people are comfortable in their uncomfortableness. Don't let that be you! Don't look back in 20 years, and say "I could have bought that piece of property 20 years ago for dirt cheap!"
There are great opportunities in the real estate market today.
Rates are at an all time low and there are so many properties to choose from...
Now is the time to buy Melbourne Florida Real Estate!
that for you
Yeah and I could have gotten my home for 250K less if bought it new. That goes for anything you buy. I think we've seen the end to most of the price reductions...I think it will stabilize as more buyers are approved and inventory shrinks a little.
Prices are all relative anyway....
Very nice blog. I strongly agree with everything and every point you made in your blog. Now is a better time than ever to invest in real estate. Real estate is a great investment in the "long run". The key word there is "long" - it doesn't happen over night. Good luck out there!
-Nicholas
Sandy, not all that long ago, there were investor buyers who were looking for a bargain. In my market, they wanted low cost townhomes that just needed some TLC and could them be rented out and eventually sold at a profit. Everybody in the business knew a person or two who was looking for that kind of deal. Those deals are out there, right now. We just need to find those buyers once again.
Sandy, Woulda, coulda, shoulda. You're right. Now appears to be the bottom (or very near the bottom) of the real estate market and the best time to jump in.
Hi Neal, I know, I suppose you can apply this to any situation, can't you. As inventory shrinks we will see some stability in the market. Not sure if we've seen the end of the price reductions here in our area. I think we still have a ways to go on that one. Thanks for your input and take care!
Mike and Cindy Jones, I agree that prices are relative to the period of time that we are looking at. No doubt!
Hi Nicholas, Thanks for the nice compliment on the post. Much appreciated! I agree that real estate is a great long term investment. I have been investing since 1996. I do agree that it is not a short term proposition! Thanks for stopping by and have a wonderful week!
Hi Rich, How are you today? I think that buyers become scared with public perception. It is a great time to buy right now, but people are scared because the market is down - THAT'S why this is the perfect time to buy! Funny how things change, isn't it. Thanks for always taking the time to visit and comment on my posts. You're terrific!
Hey Richard, How are you? I agree, it is always woulda, coulda, shoulda, but I suppose that is human nature, isn't it? Always looking for a better time way back when. Seems funny, doesn't it? Now is a great time to buy and I agree that we are very near the bottom. ANd when the market starts heading back up, it will quickly become too late to grab that great deal!
We hear it all the time. "I wish I would have bought this or that property back in 88." I think your right this is definitely the time buy. There are deals all over.
Sandy,
There are deals to be scooped up all over the place!
Ann
Hi Justin, We do hear this all the time. And I agree, now is the time to buy. We have seen great deals around here. Have a super week!
Hi Ann, How are you today. I agree there are deals to be scooped up all over. Banks have gotten more aggressive in their pricing and some sellers are following suit. It's a great time to buy!
Hi Sandy,
I am in the market to buy... I am searching for a good deal.
Ann
Hi Ann, It's a great time to buy. You hit the nail on the head...look for a good deal. Don't wait around for a great deal. Make sure the numbers work before you buy, and don't fall in love with it. Think of it as a business. Take care.
Sandy,
As always, sound advice. A good deal can happen often but a great deal might take forever to find. Then you have passed up all those good ones in the mean time.
Ann
Hi Ann, So very true, best luck in looking.