The Falling Knife of Residential Property
"Don't Try to Catch a Falling Knife" This is a stock brokers phrase telling investors not to try to buy "bargains" when the market is in a free fall. In order to lower your risks, you let the market bottom out, even bounce once or twice before buying. Just don't think you can catch that falling knife without getting hurt in the process. The Residential Property Knife Residential Real Estate Markets are in a free fall in many areas and I am going to go out on a limb here and say. . do not buy into this first wave of bargain hunters. The thing that triggered this thought is an article in the Wall Street Journal about the "Foreclosure Bus" in Las Vegas. ...
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