"Where There's Adversity, There's Opportunity!"
By: Joe Mendoza
How do you stimulate this economy? Observe the masses and do the opposite. Right now there are so many great government programs, incentives, and historical low rates that potential buyers must realize that this is the time to capitalize.
The "big boys" are doing it, why aren't the rest of you? Who are the big boys? Private investors, hedge fund managers, and institutional investors. How do I know? I'm dealing with them! People must realize that they need to get away from the negative media and start talking to professionals who have seen this market before.
Who am I primarily sending this message to? Primarily, first-time, "would-be" home-buyers and military. Don't be SCARED! The rates and prices are GREAT! San Diego is affordable again! No one has that crystal ball to know where that bottom is (but I'll say we are fairly close) and yes you can keep sitting on the side-lines and wait while you keep making your landlords richer!
"What happens if it dips some more?" If you aren't planning on moving or selling in the next 2-3 years SO WHAT! 2-3 years from now you probably won't see great rates or great prices.
Ask some of the other true experts out there, they'll agree with me. One of the worst advice you can get however, is from someone who was never been in a similar down market before. Here are a couple of other experts that you might want to check out what they are saying, Bruce Norris www.thenorrisgroup.com/ and Bill Tan www.sdcia.com .
Some people WAIT for things to happen, some people MAKE IT HAPPEN, and some people wonder what the ___ just happened! You can choose to be scared or you can act on "Where there's adversity, there's opportunity!"
Happy House Hunting!
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