David Johnson from Dallas:
Time Magazine cover, Home Sweet Home, why we’re going ga-ga over real estate. As recently as yesterday, Greenspan was talking in Congress about the froth in real estate.
Greenspan is not saying there is a national real estate bubble, but he is talking about flipping property.
The experts have called ten of the last two busts in the housing market. The Fed makes these preemptive moves when they see inflation. So what do you do?
Buy low and sell high. What you don’t want to do is get strung out,