11-17-2006, 10:41 PM
Sage advise from author/financial commentator Ben Stein, on real estate boom/bust cycles; What to Do When a Boom Goes Bust
"Buy at the bottom in real estate (and in everything else -- read on), or as close to the bottom as you can see, and patiently wait for the boom to come back. In the meantime, live in your house and enjoy it. A house is a machine for living, as the famed architect Le Corbusier said. It's not a machine for making money. If it does make you money that's all to the good, but it's not the main function."
Edited by - adias on 11/18/2006 05:05:38
"Buy at the bottom in real estate (and in everything else -- read on), or as close to the bottom as you can see, and patiently wait for the boom to come back. In the meantime, live in your house and enjoy it. A house is a machine for living, as the famed architect Le Corbusier said. It's not a machine for making money. If it does make you money that's all to the good, but it's not the main function."
Edited by - adias on 11/18/2006 05:05:38