False Premise = False Conclusion
Today, people are much more cautious with their money. They don’t want to let it go. They need to know their investments make sense to them.
During the times when the economy was riding high, anybody and everybody can make money. Many of these people are opportunistic. They are sheep following the herd, salmon swimming upstream, a moth to a flame. Everything is “here today, gone tomorrow.”
In the 80’s, the opportunity was junk bonds. And guess what…that’s exactly what they were – junk! In the 90’s, it was .com this .com that. BUST! People valued AOL more than Coca Cola (a hard asset). Now in the 2000’s, it has been subprime loans. Now look where we are.
IF YOU START WITH A FALSE PREMISE, YOU GET FALSE RESULTS!
When the economy slows down, opportunities abound! I base my land business from low to low. What you need is continuity and longevity. Land doesn’t disappear or get worn out.
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