Donald Trump says...
Did you happen to watch Donald Trump on Larry King Live last night? Interesting interview. He was talking about his new book, Think Like a Champion and made a point of saying "This is a great time to buy real estate." He goes on to say, "Now, in two years, I might have said, 'Larry, I made a mistake. I paid too much.' Who knows, with the way the world is going, with the way the country is going, with what's happened? But I really think this is a great time to buy."
Lessons? Number 1: Buy your dream home today. Don't wait. And remember, Uncle Sam's giving first-time home buyers $8,000 to buy and close on a home by December 1, 2009.
Number 2: Don't try to time the market. Whether it's the purchase price or interest rates. If Donald Trump can't time the market, either can you or I.