Steve Owen
Elite Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified General Appraiser
- State
- Missouri
Dee Dee said:Seems like many buyers and most investors are retreating to the sidelines for the time being, and they all seem to be trying to figure out the $6,000,000 question, which is where the bottom might be.
Trying to time the bottom (or the top) in justa bout any market is a fools game. If that's really what they are doing, then they deserve to get spanked. My guess is that a lot of these guys who are sitting out are doing so for more fundamental reasons... money to be made in other places.
At this point it would be tough to argue that there isn't a growing amount of "blood on the floor" in most markets. Hopefully not too much of it will belong to appraisers.
Sad, but true, if you change "most" to "many." Maybe in some markets appraisers deserve it.