by The KCM Crew on July 8, 2010
More millionaires were created as a result of the Great Depression than at any time in the nation’s history. Noted rich-guy John D. Rockefeller has said, “The way to make money is to BUY when blood is in the streets.” Another noted rich-guy, Warren Buffet, believes you should “be fearful when others are greedy and to be greedy only when others are fearful.” Huge success comes to those who see confusion as an opportunity. Today, there is a significant opportunity.
With interest rates at historic lows and home values where they are (the Housing Affordability Index is as favorable as it has ever been) I have one question… “Why hasn’t everyone jumped into the market?” Housing is still one of the most basic of needs (food, clothing, and SHELTER). (More …)