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Local real estate auctioneer, says "Both would-be homeowners and investors should be buying vacant lots in Southwest Florida right now, while the daily news in all the media is gloomy."
"Now's the time to buy. Anyone waiting for the media to announce a "bottom" in the market is going to miss it. It's as though we've been able to turn back the clock a few years, before the rapid run-up in prices began."
If "fear and greed" are stronger market forces than "supply and demand," then right now fear, and the hesitation to act that accompanies uncertainty, is causing many buyers to miss what may well be the last chance to buy lots at minimum cost.
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