Replies

1. 
   Piffin | Jan 25, 2008 01:50am | #1

   There is a strong rule in investing with volatile markets.

   Never try to catch a falling knife.

    

    

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2. 
   byhammerandhand | Jan 25, 2008 02:36am | #2

   ... or take the advice of Baron Rothschild, "The time to buy is when there's blood in the streets."

3. 
   EricPaulson | Jan 25, 2008 03:06am | #3

   I'd say almost or not quite yet...........at least where I am.

   I don't see the bottom quite yet, there is more down to go yet.

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1. 
   segundo | Jan 25, 2008 05:15am | #4

   i couldn't agree more eric, if we don't see it pick up this year next year should be lower.

   i read an article on foreclosures and how a foreclosure lowers prices on every house in the neighborhood, (comps).

   also tuesday's USA today's article on the economy and how we are now trying to avoid what happened to japanese economy in the 90's, immediate action by the government with the tax rebates, i don't think it will work and economy will get worse in some areas, confidence will be extremely low, prices will come down.

   i love how the new term for losing money is "write down", i hear this term repeatedly and wonder when it came into use? yeah right, i went to vegas last weekend and had a ten thousand dollar write down, darn packers anyway!

4. 
   Jim_Allen | Jan 25, 2008 05:24am | #5

   I don't think it's time to buy, unless you don't mind losing another 30%.

   There are some exceptions to that rule, but I'd be cautious on average properties.

   Bob's next test date: 12/10/07