Donald Trump Makes A Good Point On Larry King

Last night Donald Trump told Larry King on Larry King Live that this is a wonderful time to be negotiating for property and for making great deals. He is right about that. He fell short of saying that buyers should go out and buy up everything. If you read some of the posts below, you will find that what Trump is saying now has already been said. It is true that in Miami there has probably never been a better time to buy, and that is certainly true of the last 20 years or so. The market is dull because people are betting that home prices will fall lower, before hitting bottom. Maybe 6 months from now will be an even better time to buy, but that is speculation at this point. The news reports help to put a negative slant on the real estate market, by making predictions that the market will continue to fall, and thereby effectively change the way people think. That's called psychology, and right now the psychology of the market place is telling people to wait. There is something else. It is apparent in Miami. Homeowners who want to sell are still asking very high prices. Asking prices have not come down all that much, and some sellers are holding tight. Buyers are not budging, however, so there you have it; a dull real estate market in the Miami area. More to come.