By Dr. Steve Sjuggerud
“I’ve started thinking about real estate again,” my wife told me last week. “All the news is negative on TV. Isn’t that when you say you want to start looking?”
She’s close… But actually, it isn’t quite time yet… At this point, real estate is still a “story” that people want to hear about. So it’s not a “buy,” yet.
The fact that the housing situation is so heavily reported on TV tells me that we haven’t quite made it to the last few phases yet. What are the phases? Legendary Merrill Lynch analyst Bob Farrell describes them well… and they apply to all assets…