Tuesday, April 29, 2008

Real Estate thoughts

I think it may be my time to start really looking at buying property within the next 6-12 months. In the SoCal market, while still high, anything and everything is on sale.

Prices are reverting back to 2003 rollbacks.

People are simply walking away from their properties. Handing the keys to the lender. These are comp killers driving the market lower.

This coupled with the fact that interest rates are still at very low levels means opportunity.

As Warren Buffett says:

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

No comments:

Post a Comment