I had a revelation today and it is really simple. For those of you in real estate for the investment of it, whether you flip, buy and hold, get cash flow or a combination of the two I have some advise for you. In Real Estate as in life you have two choices.
A. You can wait for the RE market to correct itself.
B. You can increase your income and correct the RE market.
Ask John Mackey how much his life would change if gas went to $7 a gallon. Ask Angelo Mozilo, if he takes his kids to the movies only on matinee times. Do you think that if Toll Brothers sold their homes for 1.67 million instead of 1.71, their bottom line will be in the red?
My advice to you is learn to earn more and "mass media econmoic concerns" will not concern you. Sometimes the most basic concepts are the hardest ones to grasp!