Just two weeks ago, an article was posted up regarding an article by David Bach about why home owners get rich and renters stay poor in this previous writing by Grim: Homeownership Propaganda Machine Running Full Steam Ahead.
This morning I came across some new words of wisdom from David; mainly How to Bubble-Proof Your Home.
After my last column on home ownership appeared, I got a ton of e-mails from excited and upset readers. Many suggested that it’s simply too late to buy real estate.
Well, I feel that it’s never too late. The secret to real estate is timing, location, and financing. So, this column tells you how to protect yourself against a real estate slowdown.
I would really love for any real estate expert to elaborate more on the “timing” piece. According to most experts who have a vested interest in real estate, the timing is always “now”. They never seem to mention that prices fluctuate and you should wait for a “lull” period.
If you talk to any seasoned financial investor, the strategy is “buy low, sell high”. According to every person who is a broker/realtor or writes a book on buying real estate, the strategy is “buy now”.