Originally Posted by
duncan macgregor
CORRAN, A lot of uninformed people think that is a contradiction. Sell at the top of a cycle buy at the bottom is the best way to move forward and upward. Shares and property are both taking a hit right now, the smart money has moved to a buy when it bottoms position. With property, bargains can be had at most stages of the cycle, with super bargains to be had when the cycle bottoms. Banks are not landlords they sell to the highest bidder to recoup as much of the loss that they can. Now is the time to attend a few mortgagee sales to get the feel of what is available.
This is the beginning of the good times for bargain hunters, the banks are the ones you are dealing with, show them no mercy. There is no rush to buy anything, silly low offers take a bit longer thats all so the sooner you have educated yourself to what is going on the better. Macdunk