[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
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Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
