03-06-2008, 07:43 AM
What is interesting and beneficial about this thread is that it is educational: if I didn't learn the complete lesson after the tech bubble burst, I have now had a chance to fully grok the economics lesson. During the tech run-up, wiser heads were saying things like, "What goes up, must come down." and there was much talk of the tulip boom and bust. Well, well. Turns out these guys were right. It all returned to historical levels of gain. And anyone who bought high and didn't sell high got a tough lesson.
There is absolutely no reason to make anyone wrong. If you got the lesson--isn't that enough? For one thing, everyone's experience is different. John's purchase in 2002 illustrates the premise: buy low and sell high. Realtors are optimists--they have to be. They wouldn't be in business if they weren't. An economic advisor might have told you not to buy at the highs of the market--but would you have listened? If you need a tooth pulled you don't go to an accountant.
It is so easy to get swept up in the mania. I see prices skyrocketing and I'm afraid I'll never be able to afford a house. It's human nature to jump in. Fear is motivating me.
How difficult it is to wait and gamble that prices will come down. Humans have trouble with that.
I hope no one on this forum has to sell right now. I wish the best to you all.
Well, JaredI, did you buy or did you wait? You seem like a guy with a clear head on his shoulders. Did your clarity and luck hold up?
This thread could continue to be educational if we would focus on posting present day prices and our own experiences.
What is the price of a lot in Hawaiian Shores going for at present?
april
There is absolutely no reason to make anyone wrong. If you got the lesson--isn't that enough? For one thing, everyone's experience is different. John's purchase in 2002 illustrates the premise: buy low and sell high. Realtors are optimists--they have to be. They wouldn't be in business if they weren't. An economic advisor might have told you not to buy at the highs of the market--but would you have listened? If you need a tooth pulled you don't go to an accountant.
It is so easy to get swept up in the mania. I see prices skyrocketing and I'm afraid I'll never be able to afford a house. It's human nature to jump in. Fear is motivating me.
How difficult it is to wait and gamble that prices will come down. Humans have trouble with that.
I hope no one on this forum has to sell right now. I wish the best to you all.
Well, JaredI, did you buy or did you wait? You seem like a guy with a clear head on his shoulders. Did your clarity and luck hold up?
This thread could continue to be educational if we would focus on posting present day prices and our own experiences.
What is the price of a lot in Hawaiian Shores going for at present?
april
april