http://www.davidpodgursky.com/florida-real-estate-mortgage-2008-and-100-barrels-of-oil-what-lies-ahead/ Florida | - Boynton Beach, Lake Worth, Delray Beach, Boca Raton Florida Real Estate - Single Family Home, Townhouses, Over 55, Active Adult, First Time Buyer, Fri, 08 Feb 2008 16:49:07 -0700 http://wordpress.org/?v=2.9 hourly 1 http://www.davidpodgursky.com/florida-real-estate-mortgage-2008-and-100-barrels-of-oil-what-lies-ahead/comment-page-1/#comment-202 Chris Vlad Mon, 21 Jan 2008 01:56:12 +0000 http://themortgagegotoguy.com/florida-real-estate-mortgage-2008-and-100-barrels-of-oil-what-lies-ahead/#comment-202 I hope I’m not the only one that responds to your blog. But once again I happen to agree. The majority always misses the best opportunity. They miss the top and of course they will miss the bottom. I will even go a step further than you, and say that there is, beyond local markets, beyond sub-markets, a personal market element which must be considered. If you find the house you want and can afford, and the mortgage rates are so low that you can actually get a fixed 30 year, or whatever product is best suited, and can make the payments without batting an eye; well, for you, the market may have just hit the sweet spot. You may loose if you wait. The price bottom may coincide with mortgage rates that are no longer favorable, and in a while it probably will. Look at it from your own prospective and act when the time is best for you not for CNBC or The New York Times. Look hard, but that time may be here or may come sooner rather than later. Herd mentality always leads to disaster. It did on the way up and it will again on the way down. Knowing your own position and acting in your own best interest will reward you in the long run, not following the media. I hope I’m not the only one that responds to your blog. But once again I happen to agree.
The majority always misses the best opportunity. They miss the top and of course they will miss the bottom. I will even go a step further than you, and say that there is, beyond local markets, beyond sub-markets, a personal market element which must be considered. If you find the house you want and can afford, and the mortgage rates are so low that you can actually get a fixed 30 year, or whatever product is best suited, and can make the payments without batting an eye; well, for you, the market may have just hit the sweet spot. You may loose if you wait.
The price bottom may coincide with mortgage rates that are no longer favorable, and in a while it probably will.
Look at it from your own prospective and act when the time is best for you not for CNBC or The New York Times. Look hard, but that time may be here or may come sooner rather than later.
Herd mentality always leads to disaster. It did on the way up and it will again on the way down. Knowing your own position and acting in your own best interest will reward you in the long run, not following the media.

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