I'm in the office of one of my real estate clients and overheard a phone call. The crux of it was this...

Agent: Nothing is selling right now.

Pause while listening to other end of phone

Agent: There are plenty of buyers and a fair amount of stuff on the market. It's just that nothing's selling.

Pause while listening to other end of phone

Agent: The sellers are asking too much and none of the buyers are willing to pay what the sellers are asking. Like 18 months ago units in Any St, we couldn't give 'em away at $145... now they go for $250 and the sellers want near $280 but no-one wants to pay $280 for them. And the price is too high for investors like you to make any money.

Michael Ross


When the real estate market goes down... make money with your own business or businessette