Read Real Estate From Left to Right
If you want to know how things are going
I learned from a wise man once that like a calendar, like a book, you read many things in this country "from left to right." If you want to see how things are going to be, look to the left and you'll see it coming. I always wondered what he meant until the housing bubble began.
Being in Jacksonville, Florida he said, "What's happening in California? What's happening in Las Vegas? What's happening in cities like those comparable in the West? That's what is coming." It did, oh boy, did it ever.
We saw the investors flock in. We saw house flipping. We saw people qualifying for loans that they should've never been able to get. These were reminiscent of the stories we'd…