Capeman, I totally agree with you about the economy and skill sets.
When interest rates are too low, investors will fund any kind of hair-brained business plans in search for return. Innovation and discovery are great, but but pie-in-the-sky is something else.
There are plenty of venture capitalists drinking the cool-aid too.
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Jeeman, yeah, you can get rich following the herd, but if you then believe the hype too much, you’re liable to lose everything. I know some people who reinvested their real estate gains into more real estate. They think the market will turn around in 2008. Who knows, they might be right.
But you have the right idea as far as going for the kill is concerned. I’m gonna do that too.
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stansd, that’s what a RE broker friend told me also. He said buy now. He’s not a close friend so I didn’t direct him to Piggington. I just said “wow interesting” and changed topic. Not sure if he believes what he said or was just full of hot air.
