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#1
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You talk about the importance of having a "net."
I agree. To promote my book Timing the Real Estate Market and my system for tracking trends, there are about 50 "chosen" (my choice, not theirs) financial experts that I mail to consistently. Just last week, Sanford Goodkin (the most well-known real estate guru in San Diego) devoted an entire newspaper article to the wisdom found in my book. To me, this is how you leverage your efforts. Go to and keep after the centers of influence ... because when they take notice and talk about you, you can believe that 1000's of others will take notice too. Robert Campbell Recently How to predict upcoming real estate trends |
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#2
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I'm in the office of one of my real estate clients and overheard a phone call. The crux of it was this...
Agent: Nothing is selling right now. Pause while listening to other end of phone Agent: There are plenty of buyers and a fair amount of stuff on the market. It's just that nothing's selling. Pause while listening to other end of phone Agent: The sellers are asking too much and none of the buyers are willing to pay what the sellers are asking. Like 18 months ago units in Any St, we couldn't give 'em away at $145... now they go for $250 and the sellers want near $280 but no-one wants to pay $280 for them. And the price is too high for investors like you to make any money. Michael Ross When the real estate market goes down... make money with your own business or businessette |
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#3
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Michael,
As you know, sales activity is one of the key leading indicators that predict real estate trends. After a market has risen to the point where it is now overvalued, reality will eventually set in and the number of buyers (ie. sales activity) will start to decline. As Warren Buffet says: "Be greedy when everyone is fearful, and be fearful when everyone is greedy." Buying extreme pessimism and selling extreme optimism is the most reliable formula for making higher returns in any market - including real estate. Best wishes, Robert Campbell How to read the market's signs of a possible real estate crash |
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