Tuesday, December 9, 2008

The End is Near

No, I'm not predicting the apocalypse, but the demise of the current real estate downturn. Don't ask me to predict bottom, however, because no one can do that, just look at all the experts who predicted the "boom" of 2004/05. The point is, we are close, and when some "expert" finally tells us the bottom has hit, it will be too late. Bottom will have already hit when they make their call and the herd mentality will kick in. The herd will then dictate the market and prices with their buying activity. The question: Is it better to be a member of the herd or a leader of the pack?

-Kurt Sabel

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