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Re: or as a Friend of Mine Used to Say . . .

: A friend of mine used to say that it is easier to make money
: when buying house than when selling them.

: His point -- that you can buy opportunistically, but it is rare to
: be able to sell opportunistically. When selling, you are usually
: limited by the "comparables" and there may be other
: factors that limit the price you will receive. It's hard to hit
: the home run on the sell side.

: But when buying, you can get real bargains. This house-buying
: friend of mine used to say that when you were trying to figure
: out how much to offer for a house, you should think of the price
: at which the seller (or real estate agent) would throw you out
: of the house, and then go 10% below that number. Maybe this
: approach works for the old watches, as well.

: My friend did OK with the houses, and with his career!!

: Jeff

: +++++++++++++++++++++++++++++++++++++++++++++

I like the idea but even when you buy that way you are still the best bid in the market? If you choose to resell you have to wait until the market moves back up or find another bid? However, I think houses are a bit different because you can rent it out so the asset has some net intrinic/book value?

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