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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: TobagoJack who wrote (457)8/28/2001 7:13:20 PM
From: TradeliteRead Replies (1) of 306849
 
Jay, people who buy homes to live in don't look at the economy everyday and think about what might be the best time to sell. They buy and sell when their life situation demands it or makes it a good option. It most often will have nothing to do with timing the most profitable sale of their home.

When an older person (i.e. baby boomer or baby boomer's parent) decides it's time to sell, he either won't or can't wait around for an optimum market condition because he has other goals in mind....and if he's owned his home a long time, he thinks he's cashing out a fortune no matter when he sells----that's exactly why people should start early on home ownership if they can.

Remember that mutual fund investments work the same way ----it's not timing the market that counts...it's time IN the market and the value of compounding that makes a mutual fund or real estate investment a good investment.

Please don't confuse timing the real estate market with timing a stock trade. I've worked with too many homeowners over the years to even entertain such thoughts.

And as I've posted before, I have worked with some but don't know many people who have negative equity in their homes.......where are you all meeting these types of people????
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