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Enough With the Doom and Gloom Already.
I don’t know if you’ve been watching what’s happening in real estate news lately, but if you haven’t…. don’t.
If you have, ask yourself this… which headline is gonna get more clicks, “Everything is Just Fine.” or “The Bubble is Gonna Burst!?”.
It seems that every time I search for real estate news, because I like to stay informed on my industry, inevitably there is always a headline somewhere in the search, or on the page I pull up, saying something about the bubble is gonna burst, or a correction is coming, or it’s be be the end of days.
For the most part… it’s all crap.
Let me qualify that statement. First, who is the person reporting this? Are they a real estate expert? Do they have intimate knowledge of how finance works? What’s their reason for putting this story together as a journalist?
Something I learned a long time ago is, be very careful whose opinion you buy. If you buy their opinion, you buy their lifestyle. I’m not saying all reporters are bad, but make sure it’s the right person’s opinion.
Secondly, it’s real estate. It’s probably the most controllable investment class on the planet. I can’t really influence the value of a stock on my own. If it’s taking a nosedive in the market for whatever reason, there’s nothing I can directly do to step in and keep the stock from going to zero.
With real estate though, I have so much more control over my own property. I can make improvements to the property, I can change the zoning, I can build it up, tear it down, or just do nothing and ride out the storm.
As long as you have a sound strategy from the beginning, and you remain able to adjust and adapt over time if you need to, there’s no reason to be worried about what the news keeps saying. In fact, you can ignore it all together, and just concentrate on what matters to you.
Today on the “Investment Property Income” podcast, we’re talking about why now is the best time to invest in real estate, why it’s not nearly as scary as the media would have you believe, and some of the strategies to keep your investments safe in stormy waters.
www.guidetothegrind.com
View all episodes
By Jonathan Tillger & Geoff Edie
5
22 ratings
I don’t know if you’ve been watching what’s happening in real estate news lately, but if you haven’t…. don’t.
If you have, ask yourself this… which headline is gonna get more clicks, “Everything is Just Fine.” or “The Bubble is Gonna Burst!?”.
It seems that every time I search for real estate news, because I like to stay informed on my industry, inevitably there is always a headline somewhere in the search, or on the page I pull up, saying something about the bubble is gonna burst, or a correction is coming, or it’s be be the end of days.
For the most part… it’s all crap.
Let me qualify that statement. First, who is the person reporting this? Are they a real estate expert? Do they have intimate knowledge of how finance works? What’s their reason for putting this story together as a journalist?
Something I learned a long time ago is, be very careful whose opinion you buy. If you buy their opinion, you buy their lifestyle. I’m not saying all reporters are bad, but make sure it’s the right person’s opinion.
Secondly, it’s real estate. It’s probably the most controllable investment class on the planet. I can’t really influence the value of a stock on my own. If it’s taking a nosedive in the market for whatever reason, there’s nothing I can directly do to step in and keep the stock from going to zero.
With real estate though, I have so much more control over my own property. I can make improvements to the property, I can change the zoning, I can build it up, tear it down, or just do nothing and ride out the storm.
As long as you have a sound strategy from the beginning, and you remain able to adjust and adapt over time if you need to, there’s no reason to be worried about what the news keeps saying. In fact, you can ignore it all together, and just concentrate on what matters to you.
Today on the “Investment Property Income” podcast, we’re talking about why now is the best time to invest in real estate, why it’s not nearly as scary as the media would have you believe, and some of the strategies to keep your investments safe in stormy waters.
www.guidetothegrind.com