Monday, April 30, 2007

Flop of real estate speculation

Flippers flop as housing market cools (AP)

AP - In the rampant real estate speculation of the Las Vegas valley three years ago, people lined up outside Pulte Homes sales offices overnight as if they were waiting for the release of the latest video game console or hot new movie.

***You have to learn how to handle a bandwagon.  You cannot bid something higher than its actual value.  If you see a bandwagon, don't line up and pray that it might get higher.  If you do see a bandwagon, then you're too late.

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