Ah, the crystal ball question…where’s the bottom of prices in the Lake Tahoe real estate market? Answer: absolutely no one knows. There is a myth in real estate today where people believe they can time the market.
Not even Warren Buffet, who is considered by many to be the greatest investor of all, has a crystal ball. He was asked recently if he thought stocks were at the bottom. He said that he had no idea, but that he was buying undervalued stocks and that he planned to hold them for a long time; if they go down a bit more before they go back up, it’s ok because he knows he bought them at a discounted price.
That philosophy holds true for real estate too, doesn’t it? Buy real estate, that meets your objectives and needs for the long term, and the exact timing of your purchase really doesn’t matter, does it?
Focused on happy families, not just real estate…I’ll help you find your jewel in the pines.
Wally Johnson
CA Buyers Specialist
CA License # 01848595
Deb Howard & CO
530-277-5687 Cell
530-542-2912 Office
530-542-8657 Fax
Tags: Bottom of the real estate market, Lake Tahoe Real Estate, Real Estate, real estate market bottom, when is the bottom of the real estate market
