Na Na Hey Hey Good-Bye Market Correction? — That’s What Sam Says
Posted @ 12:11 am - Filed under Real Estate Investing, Selling Income Property, San Diego Property Owners, Real Estate Markets, Market Correction, Economy, Predictions, Palo Alto
Those who’re more or less regular readers here might remember my prediction, made in the first week of the year. In a nutshell I said we’d look back a 2008 knowing it was the year the correction bottomed and began it’s long and ponderous U-Turn.
Sam Zell is a multi-billionaire — and real estate is definitely his forte. Well guess what? He thinks this spring will mark the beginning of the housing recovery.
I made this happy discovery over at David’s place. David says he wouldn’t bet against Sam either. He’s linked to a newspaper article quoting Zell from his CNBC interview.
Does this mean since Sam says so it’s happening? Uh, hellllloooo. Remember that pesky guy, Reality? Sam Zell has tremendous credibility, at least from where I sit. If I was gonna look for one guy to give me the heads up on real estate it’d be Zell by a mile. I’ve watched him for quite awhile — he’s simply the cream of the cream.
I write all this for a pretty reason. I was on the phone today enough to require two recharges. Over half of them at some point wanted to know why I keep saying the window is closing. These pages have enumerated those reasons ad infinitum. Instead of asking why I say it, ask yourself another question.
Does Sam Zell go live on CNBC saying, “I think the housing market this spring will begin its recovery phase.” if he doesn’t believe it, and hasn’t been convinced for his own reasons? Of course not. Could he be totally wrong, out to lunch? Yep. 
Wanna bet against his track record in real estate? His money — his billions have largely been made calling these market transitions and being ahead of the curve.
Heck, I’m tickled to death I’m on record here saying the same thing over two months ago.
Why does this all matter to you? It matters because THE WINDOW? SHE IS CLOSING.
If you’re in San Diego and need to sell yer stuff to take advantage of the growth regions — then sell yer stuff. Email me — Call me — Send a message via carrier pigeon — but you need to take your San Diego equity (Palo Alto this means you too!) and start the process that’ll get you Outa Dodge. You should begin this process around 4:30 yesterday afternoon if not sooner.
You can go to the Brown and Brown company site, or contact me from here. Remember, if you’re a San Diego income property owner our new local business model will save you a whole bunch of dead presidents. It’s already proving to be pretty attractive to local investors — that is if a two phone charge day is an indicator.
I realize I’ve been beating the timing drum lately. The evidence is beginning to indicate a potential for a recovery is plausible. We won’t have an opportunity like this for quite awhile in my opinion. The last time was over a decade ago.
Yet again, I’ll repeat the mantra — Time isn’t your friend when it comes to this window. Sell your high priced San Diego (heck, anywhere in California) property and Get Outa Dodge!
I’ve heard this song far more while on a baseball diamond than a dance floor. When umpiring it was played whenever I raised an arm towards the bullpen and tapped it, signaling what pitcher was to relieve the one getting bombed. Let’s all have a positive thought, and enjoy a trip in the Way-Back Machine. I nominate it as the theme song we should play as the current Market Correction leaves us — whenever that may be.
This entry was posted on Wednesday, February 27th, 2008 at 12:11 am and is filed under Real Estate Investing, Selling Income Property, San Diego Property Owners, Real Estate Markets, Market Correction, Economy, Predictions, Palo Alto. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
