Interesting enough, some of the individuals I have been talking to have been telling me to “cautiously ignore” the news articles and nightly news blasts we get on a daily basis. As the subprime mortgage market continues to deteriorate and as housing prices drop, why would anyone want to start in RE investing? Well, I have not. Yet. I am waiting for prices to dip just a little bit more. See, I do not believe we should do what everyone else is doing. Like in the stock market, when people sell, I tend to buy. When values in property drop like a bucket, that is when The Flipster looks for bargains.
So, what does “cautiously ignore” mean? It means we do not bet the farm through millions of dollars of LendingTree Mortgage Loans and hope for the best. If you pay close attention to what is truly going on, only areas that were ridiculously priced are showing massive swings in value. Southern California, Manhattan and Florida are showing the most change in prices. Yes, I’m going to be cautious, but I am going to ignore the “doom & gloom” crowd and start buying soon!
LendingTree <- Here I come!
-The Flipster
|
|
|
