Jumping on the “Everyone” Bandwagon
We see it all the time.
Real estate is doing well, everyone starts buying up properties and the prices start climbing. The stories of easy money generates momentum. Then the market becomes saturated and the cycle reverses. Many caught at the end are left buying high and selling at a loss or finding tenants to cover part of their payments. There are some markets that defy logic but generally that is the way things go. The problem is, no one knows how long the rise will last.
The real (i.e. lower risk) money was in being there early.
The same happens in […]