By WARREN E. BUFFETT
Published: October 16, 2008
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors.
Here is some advice from The Trump Blog, posted last October,
"Listen up to what I am about to say...the real estate market is not dead. That being said, there has been a major correction to many of our nations markets but that is just the way that cycles work. The question becomes: Do you want to take advantage of the buying opportunities or sit on the sideline and wait for prices to head back up?
Investors who are flush with cash are making huge buys right now and picking up some great deals. They recognize good deals when they see them and aren’t being frightened by the liberal media’s scare tactics. Whether you are a small fish or a big fish, I would encourage you to meet with a commercial and/or residential lender to see what programs you may qualify for. Identify this and then start shopping for some great properties at distressed prices. I have personally seen some properties going for 30-40 cents on the dollar.
Kim Barber
RE/MAX Legacy
Office 638 383-1425
US Landline 408 890-7806
KimJBarber@hotmail.com
For instant MLS access and a whole lot more! Go to-> www.RockyPointKim.com Local newspapers, current temperature in celsius and farenheit, history, fact sheet, trust and ownership information, language translator, money conversion, links to discount airfares, maps, driving directions, mortgage calculator, auto insurance quotes, fish identification….
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