Will the Real Estate market make a noise when it finally hits bottom? That seems to be what everyone is waiting on.
I say no. The market does not make a noise when it hits bottom. Only the numbers will tell you afterward, where the bottom was, and they will be historical numbers at that. And by then, you have missed the start of something big.
The market starts either by; someone speculating that others will buy what they produce, or people buying the excess of what was left over. When people start buying and diluting the inventory of the speculators, then others start jumping in to catch a ride on the momentum of the first in. At the same time investors start trying to become the middle-man in the process by buying and reselling. This will work for a while, but when your barber, or hair stylist, is telling you about the two properties they flipped, it's time to get out.
Not everyone can make money in the cycle, so when too many start to, the market corrects itself. Too many investors create an illusion that there are more buyers than there really are. The investors are buying to resell to the same buyers the speculators are looking for. At some point the speculators and others, who followed, have created too much, and the market runs out of buyers. So the market hits bottom, until it starts all over again.
People need houses, land and buildings. so they have to come back. If you have a need, find something that fits your need, at a price you can afford. Jump in, maybe you will be the noise that starts the market back up, all over again. Don't wait for the sound, like the 'great pumpkin,' it isn't coming.
Thursday, November 15, 2007
Thursday, November 1, 2007
Shaved butt?
I worked at a dog track in Pensacola, Florida, when I was a teenager. I scooped a lot of poop. But those stories are for another day. I am merely establishing my expertise for you. I want to teach you a few things about dog racing so you can impress your friends, or not show your ignorance, when you go to the track.
First, don't ask anyone what happens when the dog catches the rabbit. It is very rare. Second, if you ever played fetch with a dog, you know they are easily fooled. If a greyhound catches the rabbit, (which happens only when there's a power outage or a glitch), they will not remember and will still chase the rabbit.
No, they don't use live rabbits anymore. Not since 1912, when Patrick Smith invented the mechanical rabbit. No, the owners are not cruel to the dogs. They are generally treated just like your family pet. The owners know the dogs are their meal ticket. If the greyhound races and finishes 'in the money', (top 3 or 4, depending on the track) then the owner gets paid.
The dogs don't get distracted when you yell their names, during a race because; they are trying to catch that darn rabbit. Plus, they have two names; a racing name and a kennel name. You only know the racing name.
These sleek creatures are very gentle and make great pets. They wear muzzles because they are often in pens with thirty other dogs and occasionally they have a disagreement. They are too valuable to get nicked up because of a territorial squabble, over who pee's where. They wear painted muzzles on the track so they can see who wins..by a nose.
It doesn't take much knowledge to bet on the dogs at a dog race. (It takes some to win...) My wife looks for the dog who relieves itself. She says it works because it's lighter. I make no endorsements for that system.
I have two friends (one a lawyer) who actually picked a dog because it looked like it had a shaved butt. They know less about the dogs than my wife. At least her idea was remotely plausible. Anyway, their dog beat my dogs. Even though I had carefully reviewed the racing history of each dog, in the race, and chose four dogs that had the best records, Their 'bare bottomed' dog beat all of my dogs and I have never heard the end of it. Let's just say I am the butt of a lot of their jokes.
For an afternoon or evening of fun, take your friends to the dog track. Pick your favorite dog for any reason, including a shaved behind. You never know what could happen, trust me. Even if you lose a few bucks, at least you can answer some of those dumb questions your friends are sure to ask.
First, don't ask anyone what happens when the dog catches the rabbit. It is very rare. Second, if you ever played fetch with a dog, you know they are easily fooled. If a greyhound catches the rabbit, (which happens only when there's a power outage or a glitch), they will not remember and will still chase the rabbit.
No, they don't use live rabbits anymore. Not since 1912, when Patrick Smith invented the mechanical rabbit. No, the owners are not cruel to the dogs. They are generally treated just like your family pet. The owners know the dogs are their meal ticket. If the greyhound races and finishes 'in the money', (top 3 or 4, depending on the track) then the owner gets paid.
The dogs don't get distracted when you yell their names, during a race because; they are trying to catch that darn rabbit. Plus, they have two names; a racing name and a kennel name. You only know the racing name.
These sleek creatures are very gentle and make great pets. They wear muzzles because they are often in pens with thirty other dogs and occasionally they have a disagreement. They are too valuable to get nicked up because of a territorial squabble, over who pee's where. They wear painted muzzles on the track so they can see who wins..by a nose.
It doesn't take much knowledge to bet on the dogs at a dog race. (It takes some to win...) My wife looks for the dog who relieves itself. She says it works because it's lighter. I make no endorsements for that system.
I have two friends (one a lawyer) who actually picked a dog because it looked like it had a shaved butt. They know less about the dogs than my wife. At least her idea was remotely plausible. Anyway, their dog beat my dogs. Even though I had carefully reviewed the racing history of each dog, in the race, and chose four dogs that had the best records, Their 'bare bottomed' dog beat all of my dogs and I have never heard the end of it. Let's just say I am the butt of a lot of their jokes.
For an afternoon or evening of fun, take your friends to the dog track. Pick your favorite dog for any reason, including a shaved behind. You never know what could happen, trust me. Even if you lose a few bucks, at least you can answer some of those dumb questions your friends are sure to ask.
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