Blood is Running in the Streets', There's a Huge SALE on Real Estate!

Posted by: Carleton Sheets in Sale on Real Estate, Investing in real estate on Apr 20, 2008.

As John D. Rockefeller said, "The way to make money is to buy when blood is running in the streets." Although a little over the top, I love that quote. And I've noticed that it has appeared in a number of places nowadays, although I think the credit goes to Andrew Carnegie for saying it.

I've never seen a real estate market like this one - and trust me, I've seen a lot of them. My home state, Florida, has been hit particularly hard, and the evidence is everywhere you look. Scores of homes with the familiar "for sale" sign now sit empty.

Where are these people going? To a relative? To rent a more affordable place? No matter what the circumstance, people still need a place to live. Foreclosures, credit crisis, whatever the media wants to call it, the housing market will never come to a standstill.

On one hand, it's an absolute tragedy that the dream of homeownership is turning sour for so many people.

But on the other hand, it is a great time to purchase properties. Prices are low, and interest rates are good. If there was ever a time to start investing, now is the time!


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It seems like a great time to invest
written by brian johnson, April 24, 2008
After watching prices in CA and other western states--especially reading the paper it seems that around June things should hit bottom, so this may be a great time--however, if you negotiate a good deal with a motivated seller, anytime can be good. I think a key is knowing your numbers and not get too emotionally attached.
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