How much nerve do you have?
By James Wedgeworth on November 21st, 2008Yesterday’s headline in The Island Packet stated “New Deflation Fears Hammer Wallstreet”. Today’s headline read “Dow Free Falls as Unemployment Rate Rises”. Wow – you would have to be crazy to purchase with headlines like that.
That is my exact point – how much nerve do you have? Are you willing to go against the flow because obviously the flow right now is anyone who would buy anything in today’s market has lot their everloving mind.
If you look at historical data, it is those people who purchase at the times when nobody else is purchasing are the ones that come out smelling like a rose. I think of it as - smart money is buying now.
I recently listened to an interview with Donald Trump who I usually disagree with on most things, but I think he might be right on this. If you are looking for a great buy, now is a great time to act. There are several really good bank foreclosures on Hilton Head Island. You can visit my Hilton Head Island Real Estate website and click on the “foreclosure” tab to get an idea of what is available in the market. Remember – contrariness usually ends up winning in the long run.


