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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: mishedlo who wrote (44092)11/7/2005 8:26:03 PM
From: TradeliteRead Replies (1) of 306849
 
re: <<You are repeating a widely held belief of "scarcity" that has been discredited time and time again >>

How has it been discredited, and where and when?

There is such a thing as pricing something too high, to the point where it won't sell, but there isn't any such thing in real estate, in my experience, where the "right price"--meaning a competitive price-- wouldn't sell something, almost immediately.

If something is plentiful and easily duplicated and readily available, it might never sell, even at a competitive price. Real estate in certain areas is not plentiful, is never possible to duplicate, and doesn't clone itself in unlimited quantities.

Successful real estate investors learn this lesson early. The disgruntled non-owners just gripe about it and claim the problem doesn't exist and keep wondering why they don't make money in real estate. <<gg>>
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