Friday, September 11, 2009

Current Market thoughts for Steamboat and Beyond

Sometimes, when things are in flux we all need to remember a few simple thoughts. Here are some quotes, ideas and axioms that you will need to remember to get you through these economic times safely and profitably.

$19 trillion--The value of our country's real estate in 2008. In 1999, the value was $10 trillion, increasing to a whopping $22 trillion in 2006. The total amount of real estate doubled in seven years! It would seem that we really shouldn't complain.

Warren Buffett is the world's richest man---and the most successful investor in history. Here's Buffett's advice: Realize that markets always come back---they did after the Bear market in 1974, after the stock market crash of 1987, after the dot.com bust in 1990, and he bought in the 'down markets' everytime. Bad news is an investor's best friend. He is buying now!

"Where there is change, there is opportunity".

"Real Sellers....attract Real Buyers". Sell ahead of the market, don't follow it all the way down.


"You make money on the buy, not the sell. If you're a seller, get what you can for your property now and buy the 'best buys' to make your profit."

Focus on the above Axioms and adjust your sail in the middle of a storm. This is when fortunes are made and goals are met for those that are ready.

For information on specific residencies in Steamboat check out Steamboat Homes

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1 comment:

Tim said...

Great notes! I couldn't agree more. Thanks!