Funny Thing Happened on the Way to Becomming Rich…
If you’ve spent any time investing in the stock market then you know what an emotional sell-off looks like. It’s also easy to see what a protracted market down-turn looks like. What do these two markets have in common? The fact that there are still people making money in them.
Experienced investors who’ve made lots of money consistently in the stock market will buy when everyone else is selling. Everyone THINKS they can or will do this, but the fact is that most investors sell when everyone else is selling and buy when everyone else is buying.
The Denver real estate market is in a confirmed buyer’s market. Prices and inventory continue to drop and climb respectively. So nobody is buying, right? Of course people are buying. People continue to buy homes as a place to live and raise a family. But there is another type of buyer out there right now: the investor. Bad time for them to be buying? Does it say anything about their track records if they’re using cash to purchase multiple properties? Makes me think that I’m seeing smart investors who’ve already made money buy in a market where few investors are brave enough to pull the trigger. Remains to be seen if they’re making a wise choice.
February 5th, 2008 at 3:18 pm
We are considering downsizing into something that we can do all the rennovations on ourselves. We’ve even investigated the foreclosure, short sell market. But my question is this: in a heavy buyer’s market, is it a mistake to try to sell our perfectly lovely house? Is it better to wait until things even out a bit?
March 18th, 2008 at 11:39 am
I think investor are currently getting exhausted trying to figure where to invest because there are so many options and throughout the country and maybe outside there locale would be a bigger profit. So as investors research and wait for the bottom and begin to buy many take the plunge and buy themselves and are enjoying there first home or an upgrade from where there were.