Investment success requires that a person have a high tolerance for boredom, which means turning a deaf ear to the financial press’s investment panic-de-jour. It’s good for your financial health to avoid following the advice of prognosticating financial soothsayers.
Even when one of them is me.
In May of 2020, the financial devastation of the pandemic was unfolding and the impact was largely unknown. Given the economic and physical uncertainty at that time, unless a move was already in the works, almost no one was wanting to buy, sell, or even look at a house. The sales of housing had almost ground to a halt.
It was intuitively obvious to even the most casual observer what the future held for real estate prices. I made a firm recommendation to my clients and readers who could put off a decision to buy real estate, “…to wait a while. Several months from now, the price of that retirement …