[quote=Bob][quote=Russell]Bob,
Did you post previously under bob007 or another name? Just curious.[/quote]
No.
[quote]I am looking at it as a reasonable entry point where a person using common sense puts themselves in a likely position to remain satisfied with the situation.[/quote]
Fair enough, but under that definition I should have called the bottom in early 2008 when I purchased in TV. LOL Seriously, when I made the purchase I knew the market was still on a downward slope, but it didn’t matter because I purchased a property that is a positive cash flow situation and got it at a 60% discount from peak. It helped that it was a beautiful property in Red Hawk.
The bottom line here is that predicting bottom, whether it be in the housing market or the overall economy, is a useless endeavor because the “bottom” has different interpretations depending on the person.
[/quote]
Thanks for responding and congratulations on your place. I agree with you BTW. Good question. I made a thread out of it…sort of.
