06-28-2016, 06:11 PM
More from Trumps blog
Quote:https://web.archive.org/web/200605070122...item=98726
With housing prices continuing to rise into the far reaches of the stratosphere, there's a lot of talk about a housing bubble on the brink of bursting. Scared at the possibility, industry watchers have been preaching impending doom, warning house shoppers to be wary of the real estate market.
As long as interest rates stay low and the dollar stays weak--which is an unfortunate situation, but it happens to be good for real estate--then there will be no burst in the current housing bubble. If interest rates go up precipitously and the dollar gets stronger, then there will be some reduction in housing prices.
How you react to the so-called housing bubble can be a barometer of your business personality. Are you the type of person who takes advantage of positive situations when they present themselves, riding them out as long as they last? Or do you heed every message of doom and gloom, avoiding risks that could be some remarkable opportunities?
Obviously, good things don't last forever. But in a competitive business environment, you have to be willing to take chances. You can't always live in fear. That said, when things start to look questionable, you also have to be smart enough to know when to get out.