Start Investing and Ignore the Negative Press
This morning I read an article in the Wall Street Journal about the “stalled” housing market (see Allures of Homeownership Slumps Amid Worries of Continued Crisis – blogs.wsj.com/economics/2014/06/03/allure-of-homeownership-slumps-amid-worries-of-continued-crisis/). The article cites studies and interviews from conflicted consumers. Buy or rent? Is the housing market stable or declining? When will the economy finally improve?
I just want to yell STOP!
Several weeks ago I wrote an article about the yo-yo reporting on the housing market’s recovery. One week the numbers are great. The next week they’re in the tank. While this banter of opinions may sell newspapers, it annoys me to no end.
The last year has been one of my best as an investor. I’ve seen rental rates rise in consistent neighborhoods and I’ve seen housing prices go up. My flips have sold for more money with less time on the market than ever before. Every rental property has multiple applicants. My marketing budget has gone down as the quality of my leads has gone up, and my wholesale business continues to increase.
Maybe I’m getting better at what I do. That’s certainly an explanation. But all the people around me are also doing much better.
Many of my friends and colleagues in the Real Estate industry are jacking tail and taking names. The story seems to be the same across the board: more deals, higher profits, more money.
This article is my stand against the crowd of naysayers in the press and at home. Henceforth I will no longer participate, comment on or acknowledge any article on the health of the housing market or progress of the housing recovery.
In the months and years to come, my time will be spent commenting on how wonderful Real Estate investing is. I’ll talk about exciting new marketing ideas. I’ll write about great tools that help me do more business and make more money. In short, I’ll share the stuff that matters.
I refuse to participate in the downturn of the economy. The success of my business and my life are much too important to waste on the whims and opinions of authors not actively engaged in my reality.
I’ll buy more houses. I’ll invest in more property. I recommend you do the same.