the meaning of.....?
correction: noun - : a temporary reversal in an overall trend of stock market prices, esp. a brief fall during an overall increase.
are we to see a large correction or a minor correction? It seems we can say with some certainty we are in a time of flux and change driven by many factors both globally and locally. How high did we expect prices to go.....look at the price of a home in your neighbourhood 5 years ago, where was it a year and 1/2 ago?
Did we expect the increases to continue unabated? Did we think our economy was strong enough to sustain those prices......"how high can you/it go...." now it's " how low can you/it go....?"
I started to notice the winds of change last year in the fall. Come January this year, I wrote some deals with 'subject to sale clauses' which a year prior the seller would have said to us "take a hike and call me when you have sold". ....a big red flag of change if there ever was one ....
I like to follow the Ozzie Jurock mode of thinking regarding your home: it is your home. The equity will build as real estate does.......that is why I am passionate about this industy.... It is real estate, however your main concern should be ..this is a home for your family, for yourself.....
having said that....a property which is strictly an investment should be dealt with differently.....different strategies and different processes.
......"strange daze indeed".
are we to see a large correction or a minor correction? It seems we can say with some certainty we are in a time of flux and change driven by many factors both globally and locally. How high did we expect prices to go.....look at the price of a home in your neighbourhood 5 years ago, where was it a year and 1/2 ago?
Did we expect the increases to continue unabated? Did we think our economy was strong enough to sustain those prices......"how high can you/it go...." now it's " how low can you/it go....?"
I started to notice the winds of change last year in the fall. Come January this year, I wrote some deals with 'subject to sale clauses' which a year prior the seller would have said to us "take a hike and call me when you have sold". ....a big red flag of change if there ever was one ....
I like to follow the Ozzie Jurock mode of thinking regarding your home: it is your home. The equity will build as real estate does.......that is why I am passionate about this industy.... It is real estate, however your main concern should be ..this is a home for your family, for yourself.....
having said that....a property which is strictly an investment should be dealt with differently.....different strategies and different processes.
......"strange daze indeed".
Comments