Coiled Spring gets tighter…
as my good buddy that is a successful stock trader with 30 years experience tells me, you sell when you tell yourself “I can’t believe how much my asset has appreciated” and you buy when you tell yourself “I can’t believe how cheap everything is”. Right now you’ve got cheap prices, historically low interest rates, record high affordablity and sky high pessimism. As soon as the banks change their philosophy and unload their inventory, Real Estate prices will jump like a coiled spring, if you can act now and wait out the banks, you will be glad you did!!
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