As a homeowner, you may think these sky-high house prices are great.
But as an investor… it’s madness.
In fact, it’s not just madness… it’s unsustainable.
The savvy real estate tycoons aren’t basking in the high value of their current properties, they’re patiently waiting for the prices to tank so they can spend cash during the impending real estate fire sale.
And they might not have to wait much longer…
Are YOU ready for the real estate fire sale?
Whether you’ve been a reader of mine for years or for weeks, you need to start thinking like an investor.
Most of you I’ve spoken to have the right mindset.
You see the true value in assets, and you follow my word when I see value.
That’s where I’m coming from right now…
There’s no value in buying into the real estate market right now.
There’s also no reason to rejoice that your home has doubled in price over the last few years.
Sure, that looks good on paper, but it means opportunities are scarce. And when opportunities are scarce, you have to prepare and wait patiently for the next one to come along.
And with houses being so high in price, there’ll be value soon enough.
These prices must come down, and they will over-correct.
That’s where the buying opportunities come in.
Again, thinking like an investor will make you realize that anybody buying into real estate right now is risking financial suicide.
They’re paying property taxes at the current valuation.
When the housing market drops, they’ll be paying those same taxes, but their net worth will have been slashed.
That’s where the real cheap opportunities come in.
They couldn’t give away Miami condos in 2009.
People were scared to touch them… but investors weren’t.
So, keep that in mind over the next 9-12 months when we could see a real shift in the property market.
And always remember the wise words of Warren Buffett: Invest when there’s blood in the streets.
