By the time a market reaches its peak, the guys who are going to make the big money are long gone. They had the vision to buy before anyone else did, they made their profit and moved on. They didn’t let greed for money get in the way of making money!

Hyper-inflation of house (or share) prices comes when every Joe Schmo, thinks he’d like a piece of the pie. Too unimaginative to bake his own pie, he decides to buy a slice of someone elses - and they’ll gladly sell him a SMALL SLICE - for 5 times what they paid for the whole pie. He doesn’t care though, ‘cos the next day someone tells him his slice has doubled in value….until one day……oops…sorry Joe….your pie has gone cold and stale…..no-one will eat that.

Nice Blog, John

So many blogs just have crappy writing. I think the best think about your blog is it actually has content of value, but it still manages to maintains a personal one on one kind of dialogue.

Now I’m going to have to order your Kick-Ass Copywriting Secrets of a Marketing Rebel.

Investing in learning from you guys, my marketing/copywriting mentors, has been by far the best $ I’ve ever spent in my life. Wish I’d known this stuff 10 years ago.. the feeling of freedom and “I’ll always be able to make money no matter what” is a blast … and it works.

Too bad I can’t write a great salesletter to the IRS to get out of all my back tax penalties from earning so much recently, though — but that’s another story

But since I just bought a new house, speaking of real estate, at least I have some new deductions to claim. I wouldn’t be buying property in the high-end areas, california/florida/ny/etc.. agree the market’s likely to soften soon. Most of the discretionary income that people took from stocks and rolled into real estate is likely about spent. But I never predict.. just react..

Human capital, learning from the best, like you’re pitching, it’s true — getting under the wing of someone who knows the ropes, that you’ve got rapport, mutual respect with, is priceless stuff.

Knowing what it takes, and testing it, pushing the envelope and punching out new sales every week is solid gold.

thanks,

Ken Calhoun

I don’t think the real estate market is one big bubble. It is a few dozen big bubble. People have been Led to believe ..like the stock market Real estate over time will always go up. What the salesmen never say is ” but it does go down. and when it does it plunges” .

about a month ago on cspan i heard Ben Stien .. the economist who does the visine comercial . say something to the effect of ” things are different now ” when real estate was being talked about .

and earlier this week someone in a chat room i visit said ” i want to get into real estate cause that is where the money is … but first i have to get a job ”

i think these are the signs of impending dooom arn’t they …(mild sarcasm)

Ken

A bubble can either ooze out silently or burst open violently like Courtney Love at a rock concert.

There are tools available to you that tell which way the cookie will crumble I talked about them in my Real Estate Pimp newsletter but the real point I get from your rant is how to zero in on what the gut check is telling you.

It’s like your usher in a darkened theater. It could be your only thing available to you to help you find a good seat.