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.

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