Second Semester of 1969 I took my first Economics course – Economics 101.  The only things I remember about the class were that the professor was a nerd, he was extremely boring, we did not have air conditioning in the building and most everyone slept through the class. 

My teacher once said “in business, there is no such thing as a straight line.”  I find this to be absolutely true.

Everyone in Real Estate does not understand this.  When the market was going gangbusters in 2004 and 2005, people were buying everything they could get their hands on because they assumed that property would keep going up 20% per year.  Now that the market has slowed down, nobody is buying because they assume it is going to go down 20%-25% per year.

People have it backwards – they buy when they should not buy and do not buy when they should.

If you think property is going to go down 25% a year for the next 5 years, then I suggest if you truly believe that, you would be crazy to buy in this environment.  However, remember, there is no such thing as a straight line.

The opportunities available for someone looking for a good property on Hilton Head Island today are outstanding.  We have motivated sellers, prices have dropped, and we have great selection.  It is the perfect storm in which to sell in.