My real estate rant
Everyone says that the real estate bubble has been building for years and is about to pop. But guess what? This is the same thing they were sayng years ago. Now I’m not saying that they are wrong—there very well may be a real estate bubble just waiting to explode at any moment—but I will say that they (meaning almost every major economic magazine and author) was very wrong about the timing, and it has really cost me thousands of dollars.
For example, if you were to have purchased Breckenridge real estate or Summit County Real Estate just two years ago, you would have made an excellent return on your money. It would certainly have been higher than anything you could find in a standard or even high yield savings account.
Why do I mention Breckenridge specifically? Because Breckenridge is a place my family and I go on a regular basis for skiing. While I’m on the topic, I would also strongly recommend skiing in Breckenridge, Colorado, to all of my readers. You can plan your trip easily online these days and really save a lot of money. You can also keep tabs on important things like the latest Breckenridge weather updates, snow conditions, etc. over the internet.
Back on topic, however, despite all my ranting I am still too afraid to purchase real estate. The market is a cyclical one—something we have had proven to us time and time again for literally centuries, and right now, if you ask me or just about anyone else, we are on a very clear up tick. The difficult part is not recognizing that, but instead it is recognizing how far up we are. Are things about to turn down, flatten out, or are we just beginning our climb? The answer is worth millions…