Words from Emerson…

By: Gary Krieger

Ralph Waldo Emerson said, “As every man had ever a point of pride that was not injurious to him, so no man had ever a defect that was not somewhere made useful to him…Every man in his lifetime needs to thank his faults.”  Likewise, the faults of the market offer opportunities to those who pay attention.  And, we must thank those faults and pay attention to what they offer us.

Today on the radio I heard an economist say by 2012 we’ll be back to normal.  Recovery will have taken hold and the stock market will thrive.  Now, we all know that economists are notorious for digging themselves into holes and then explaining how they get out of the holes, but more and more economists are predicting recovery in the not-so-distant future.  That leaves opportunity for savvy people to buy real estate now, before the market heats up again.  And, those who do will likely reap the profits from those purchases.  2012?  2013?  2014?  We really don’t know.  But we do know that historically, in Studio City, Sherman Oaks, Encino, Tarzana and Woodland Hills, for example, the markets have always rebounded and have always gone higher than the previous highs.  I hope this is helpful…

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