Rat and Mouse
Wed
25
Feb
The Times says the unsayable
It's an excellent time to buy.

It's a brave broadsheet journalist who, these days, will point out what - to professional investors - is the obvious: if you wait until you have proof that the market has reached it's lowest point, you've missed it. Yes, you can wait, and buy at the same point on the way up. But time isn't on your side, you'll end up having to move quicker, and pass some of the bargaining power over to the vendor. How far the market has yet to all, of course, nobody knows. The only certainty is that the piece will no doubt be followed by reader comments accusing the writer of self-interest.

Technorati Tags: ,

Comments

Not sure I agree here. At the bottom, markets usually trade sideways for several years, with low interest and low volume. I bought in 1996 and was able to negotiate a four week lock-in while I got my finances in place, bidding less than asking price. The bottom is not usually a sharp V-shaped dip, but a long sideways line on the chart.

Posted by Ned Ludd at February 27, 2009 6:33 PM


Please feel free to comment on this entry







 


POSTCODES
THANKS TO
ENTRIES BY MONTH
ABOUT
UK PROPERTY RESOURCES
US / INTERNATIONAL PROPERTY BLOGS
LONDON BLOGS
CREDITS
Publisher Editor Technical and Design Hosting Software