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Don’t Bet Against the Market

31 March 2008 1,149 views 4 Comments

My wife and I went to apply for a mortgage as we saw a piece of property that interested us. Considering that I am always interested in knowing the state of the market I asked the mortgage broker how business was.

She said, “we are really busy right now.”

I looked at her and asked, “how come?”

She replied, “no idea, but it seems people are getting it into their minds to buy.”

Of course there is a spring effect and that now is a time to buy due to seasonal effects.  Though what was interesting is that she said that they were really busy, as in, “wow we have not been this busy in a long while.”

Remember that this is the Swiss market we are talking here. Though three weeks ago when I was in California I had a chance to talk to the locals and they said many people were thinking of buying.

What this tells me is that you should not bet against the market, and I wonder if maybe now might be a time to buy stocks like Home Depot.

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4 Comments »

  • Jason Coleman said:

    I get the same feeling as you. I’ll ask my real estate agent when he gets back from his European vacation (how can he afford it!) ;)

    I’m buying now and know a few other people who are too.

    Also, it could be that I’m in that sweet spot age of 25, but I know a lot of people who are getting married and/or having babies. Bed Bath and Beyond bounced a bit already, but stocks like it might be good because folks figured it too coupled to the housing market.

    Not really coupled to the housing market + housing market turn around + low valuation = good play.

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