The sky is falling! The sky is falling! Yeah, right. People make me laugh sometimes, as they take everything the media and everyone else says around them for gospel. So what if the real estate market is in a meltdown. That is what is happening to the market as a whole. How are your investments and your house doing? If you haven’t lost those houses due to bad planning and over exposing your self to risk, you are probably doing just fine.
I feel inclined to make a key point here, and that is this – If you’ll just do the exact opposite of what everyone else around you is doing, doesn’t it stand to reason that you will end up with the exact opposite results?
An Explanation of the Real Estate Meltdown
You see, the masses always get taken by the smart people. Let me illustrate it this way: if there is a down turn in the stock market, what do people usually do? They sell out of what they have, and put it elsewhere. Sounds good, huh? The problem is, they have already lost insane amounts of money before they sell out. What happened? All the smart people moved their money before the crash, but the masses got taken for a ride.
Let’s look at the other end of the stock market; when prices are soaring, the masses catch on and buy in. But guess what? You’re right, that is when the market tanks. So what happened? The masses bought in when everything was inflated, and then lost money as the market fell.
Here’s the point: the real estate market is the same way. The exact same way. What is happening right now is people are trying to sell off their real estate investments for fear of losing lots of money. But the problem is, the market has already tanked, so if you sell now, you’re almost guaranteed to lose money.
The Solution to the Real Estate Meltdown
So again, all you have to do is the exact opposite of what everyone else is doing. Right now you’ll see some of the sweetest deals for buying in to real estate properties than you will probably see for years to come. Now is the time to get in on real estate, and make your money. Now is the time to get in, not to get out.
You might be thinking, “Jeffry, you’re not only a geek, you’re an idiot.” Trust me, my properties are doing fine, and I am looking to expand my business right now. Sure, getting financing might be a little harder right now, but who says you have to go through the banks. Why not find you another investor or a group that will partner with you on some deals?
Bottom line, this is not the time to panic and start backing out. This is the time to ramp up your business and secure your financial future. It is a stastical fact that more millionaires are made during economic recessions than any other economical time.
So what are you waiting for? Leave me your comments below. I would love to hear what you have to say.