With the latest sales figures being released by the Edmonton Real Estate Board, we can see there is a drop off in sales for January and also a slight decline in prices. This would indicate that buyers are being hesitant about getting into Real Estate right now due to economic uncertainty. And while that may be true, in times like these I always remember those famous words by Warren Buffet. “Be fearful when others are greedy, and be greedy when others are fearful”. Yes times are uncertain, but that is the nature of the future. The future is always uncertain and until someone invents a time machine it will remain so. A friend of mine who taught investing had been keeping headlines from newspapers for decades. It is interesting to go back through them as it really puts it all into perspective. If you haven’t been hoarding newspapers for the last 80 years you can download an article from CI Investments which highlights reasons not to invest your money for every single year.
http://www.ci.com/orderform/pdf/general_marketing/idontwant_flyer_e.pdf
There are always reasons not to invest but even buying a home is an investment so wouldn’t it make sense to follow some of the rules of the stock market and Warren Buffet. Be greedy when others are fearful. Buy low, sell high. This blog is intended to get you thinking because we are actively buying too.