By
Gary
Scott
This
series of messages looks at whether there is a real estate
bubble
or not and examines why some people think property prices are too high
and others do not.
This note from a financial advisor in Italy is worth pondering because
it shows that our thinking needs to go much deeper than just
questioning the bubble.
"Gary, The market is really 'the markets'. There are always
opportunities as well as there are always situations in which you lose
money. I personally prefer to buy some REIT's than to be a landlord,
but I really like land.
"Land is land and that is simple. If you have cash and can be patient,
land is one of the best real estate investments after forestry. I like
to invest in something that uses land such as specialized farming or
forestry.
"Buying a condo for yourself because it is useful to you and the price
is right it is always a good idea. Buying for cash even better. The
problem today is simple, there are too many folks out there buying
properties and trying to turn them around for a quick profit in
various bubble areas. In this process they leverage themselves to the
point of very high risk.
"I feel more comfortable to buy in places where there is long term
potential, I use the property for myself, or I buy land, and not in a
already high prices area such as San Francisco Bay Area and L.A. -San
Diego.
"For example in Italy the best place is the region of Abruzzo which is
one hour from Rome and is beautiful."
The good advice here which I follow myself is:
#1: Look for land in areas where prices are still low. I have
purchased hundreds of acres of land in North Carolina and Ecuador. DETAILS
#2: Invest in forestry and natural resources. DETAILS
#3: Buy land you can use. Do not speculate short term. Avoid leverage
in areas where there have already been high price increases.
Tomorrow’s message looks at how to profit if there is a real estate
crash.
Until then, good bubbles of wealth to you.
Gary
P.S. Whether boom or bust, there will be opportunity. Those who look
for it and know how to process information correctly can gain. This is
why we are conducting a special course this "Super
Thinking - Super Learning” to help you unlock the power of your
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One of the biggest challenges of this decade is overcoming the
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Sound too good to be true?
This
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In 1980 Superlearning sold over two million copies and showed how the
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Lozanov helped build such a powerful educational system in his poor
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This book exposed this fact and made the system so popular that Dr.
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Merri was among those few who learned how and is licensed to teach his
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Why Spanish?
Spanish is the second most spoken language in the world. Chances are a
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Here are the hundreds of Spanish words to use instantly:
All words in Spanish and English that end in ION are almost identical,
though pronounced differently. Take a look:
| English |
Spanish |
| Tradition |
Tradicion |
| Education |
Educacion |
| Action |
Accion |
Now you already literally know hundreds of Spanish nouns. This is just
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By the end of three day course you will comfortable to begin
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For details, or to enroll
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