There is one thing I'd say though
There is one thing I'd say though: real estate's a little like the stock mar-ket. I don't know who said this, but the markets can be irrational longer than you and I can be solvent. That applies to real estate too. So, sometimes the flow of funds overwhelms fundamentals.
— from Takeoff Into Chaos · Holy Grail of Investing: The World's Greatest Investors Reveal Their Ultimate Strategies f
In the book
The fix is not to wait for calm but to do, deliberately, the thing the fear forbids: at the very climax of panic, the disciplined move is often the exact opposite of what every nerve is screaming, and then to hold it. Remember, too, that the chaos can outlast your patience — the market, as the traders say, can stay irrational far longer than you can stay solvent — so the goal is never to outguess the weather but to stay airborne through it. [Name here the storm you were most certain would take you down — and the small, steady thing you did instead that kept you in the air.] — Takeoff Into Chaos
Also belongs to
- The Flight Plan (Purpose/Wisdom/Risk)
- Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)