Friday, January 25, 2008

What would Grandpa tell you to do.

Well I'm no financial expert. If I was I'd be writing this blog about traveling the caribbean from my beach from home in Cancun. And well, instead I'm writing it from the frozen plains. So if you are looking for great advice maybe I can link you to someone who can help.

But I know some folks who are smarter than me, and my grandfather was one of them. I'll bet this will sound like a lof of advice you've gotten from grandfathers. The first is "buy low, sell high" Well whether we are talking about real estate or stocks, now is the time to buy low. If you can buy now and don't in 18 months you'll probably wish you did.

The other thing Grandpa said was, "I had a chance to buy that ground 20 years ago for next to nothing, now look at what it's worth." Well unless you are over 75, today is the 20 years from now when you'll wish you'd bought some of these properties that will seem like they were just being given away. I can guarantee you in the rural real estate business I hear that one everyday.

Every now and then one of the folks whose land we've sold will tell us with a grin what they paid for some ground when they bought it, and how they almost didn't buy it because they were sure it was over priced.

Now my grandpa didn't say any of the following but they are still worth remembering. Mark Twain said, "buy land, they quit making it", and many people have said, "too soon old, too late smart. "

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