“Be fearful when others are greedy and greedy only when others are fearful.” – Warren Buffet (world’s richest man)
As a home buyer in this current Orange County California real estate market – either buying a home to live in or as an investment - the question you have to ask yourself is whether you want to get a great deal on a home badly enough to decide to take action NOW – in what appears, to the average person, to be a very frightening and unpredictable market. Or wait and wait and wait for the official announcement that we have hit the bottom, and then get left behind.
This is the kind of real estate market that makes people, willing to take informed risks, millionaires and makes others look back five years later and say “woulda, shoulda, coulda” and “that ought to be me, the millionaire, not just that other guy.” Here’s the deal, I’m not saying it’s the right thing for everyone, but for buyers who understand the fundamentals of a supply and demand economics naturally understand there has not been a better time to buy Orange County real estate (or, for that matter, stock in well run companies,) in our lifetime. Absolutely it takes courage to make a decision to act while all others are frozen in indecision and when most wanna-be investors are running for the hills – but if you act when others are not and make smart, informed decisions with all the risks weighed out and a solid game plan for the long term – you will succeed in increasing your wealth. No doubt about it.
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