A Good Rule of Thumb
Housing Prices Continue to fall. Note Miami, down 28 percent. I know people who bought a condo in Miami a little while back intending to take advantage of the bubble and flip it for profit. The bubble popped, and now they’re stuck. I have a rule about bubble situations, a conservative one, because I have a low tolerance for risk: by the time you’re reading about a bubble in the mainstream media, or any place where more than a small handful of people have access to “the trick,” it’s already too late for you to get in.
This entry was posted on Tuesday, October 28th, 2008 at 2:46 pm and is filed under Random Bloviating. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.





