The right call?

Here's a post from our blog in February 2005, 18 months ago.

...."Of the myriad projects under construction now in Center City Philadelphia in Feb 05 -- only those with the largest square footage, with the best locations and design have a chance for appreciation for their buyers. At some point within the next 36 months this market will see a 20% valuation decline. This is a gut call, open to criticism by agents and developers. If you want to pay these prices do so because you need a place to live not because you think there is upside investment potential. Take it with skepticism any agent that does not give you some degree of caution and hypes the investment potential of these overpriced small studio, 1-2 bedroom condos in "up and coming" areas."

New call for January 2008.

So in 18 more months we may see some buying opportunities. Still not nearly enough blood in the streets to go real estate investment fishing. I think a nice snowy day Winter 2008 will be when I start buying some distressed condo/apartment buildings.

Patient? Confident...

You bet. That's how you make $.

It works for real estate, it works for tech investing, too. After all, we filed the patents for location-triggered place-based searching +/- 6 years ago, and put Smarter Agent in motion when anything with a technology bent was tanking. Who knew, cell phone mania would be here in 2006, LBS (location based services) would be an emerging game changer for 2007, and people would take a shine again to Internet and wireless telecom. Well, we thought it would and so did you if you've been hanging with us.

Get your own people

We hope in the future we'll have more time for this blog, and we'll try to give you some tips on what to look for in real estate. In the interim, give us a call, 856-614-5423, and ask for the get me some people coodinator, the Marnster (marnie). We routinley talk to the best agents, and can get you started with the right people. Having the right"people" is always good. Even us so-called experts, never sell our own property, would never buy a residential property without an agent. Hey, who you gonna sue when it gets all f-d up? Sucks having to blame yourself for your own idiot moves. Kidding (we never have sued anyone). We threatened Exxon once, they left some oil tanks lying around, and they took care of it because we had people...big bad lawyer people....

THE MORALS
Wait to be an real estate investor, be patient. Get people. Buy a place to live because you need a new home or vacation place. And of course...use Smarter Agent mobile to be the smartest real estate person you can be. In slowing markets, research breeds confidence built on fundementals not hype. Know more, spend less...keep more dollars for your family or cocktails.