So, here we go again people…
yet another wave of “BULL MARKET GURUS” who are going to tell you the SECRET to getting rich overnight…
this time, the same people who told you to buy, buy, buy, and never stop buying because real estate in California and other hot areas will NEVER GO DOWN…
these people are now telling you “real estate is so undervalued, that NOW is definitely the right time to buy”
this reminds me of NASDAQ 6000… in the year 2000… yea, the NAS was at 6000 in the year 2000…
then it lost 2000 points…
with the NAS down to 4000, the gurus flooded in… this is the greatest time to buy they said confidently… they sold tapes and cd’s and videos and books and systems all pointing to how you could now buy something that was 33% off its sticker price…
then it lost ANOTHER 2000 points… bringing the NAS down to 2000, and this is when everyone and their uncle in his one bedroom apartment became a guru, and they all strutted out shouting and screaming how you could now put new money to work by purchasing a product that is now selling for 66% below sticker price….
then, it made one final push downwards to NAS 1500…
this final push accomplished two things…
First,it finally made everyone who kept buying at every level finally go broke… this is where the last of the every day investors finally bailed out after losing everything…
Second, it finally discredited every last guru… the gurus with their seminars and infomercials suddenly disappeared into thin air… leaving a path of death and destruction that ruined peoples lives and battered and destroyed the savings and financial being of many people…
So, the big question I want to ask the world is:
“is this NAS 4000, 2000, or 1500 ?”
because if the current state of the real estate market is actually just a pause before another major drop… I sure don’t want to get in yet…
I actually don’t know where we are in the cycle, and I would love for some people smarter than me (everyone with a heartbeat) to give me some advice on the subject 
One Comment
I don’t know where we are at, I do know that Real Estate is slow like a turtle. It’s not the Nas, it will lie down flat for 2 or 3 years before it changes direction.
At least historically, In My opinion
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