[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
