Warren Buffett´s thoughts on America & Property in Florida
December is a funny old month isn´t it? For some, it is a signal to slow right down - taking longer lunches, spending more money, leaving the office earlier and postponing as many important decisions as you can get away with.
For others, the opposite occurs - it is a time to focus and pull out all the stops to meet end of year targets before the clock strikes midnight on the 31st.
For a business owner or sales person, the financial difference between the two scenarios above can be enormous.
To be honest, I´ve been guilty of both extremes. I got away with murder when I was a young marketing graduate in London. Nowadays, with a family to support and a business to run, I would naturally lean towards the latter - December is often one my most intense and productive months.
Whichever way you lean, the last few weeks of the year is always a useful time to think about what´s happening around you and how it can affect your personal life and business.
What does Warren Buffett think about America?
It´s been a while since I last quoted Warren Buffett, so here´s another one of his golden nuggets for you:
"It´s never paid to bet against America. We come through things, but it´s not always a smooth ride".
I´ve always believed that December is a month where you can choose to accomplish more than usual or less than usual. Whatever you plan on doing over the next few weeks, there probably won´t be too many opportunities to purchase at the bottom of a property market in the world´s largest economy.
We are in the middle of a perfect storm - interest rates, house prices and rent ratios have never aligned this way for investors before, and they probably won´t do so again for decades. Plenty of respected investors much older and wiser than I have voiced similar sentiments in newspapers and online.
To cut to the chase - anybody with $60,000+ in spare cash has a window of opportunity to pick up incredible bargains in the US property market. I am using the word "window" for a reason, as it´s going to slam shut sometime. There has never been a better opportunity for buying property in Florida.
I won´t pretend to know when that will happen - there are simply too many variables involved, but these market conditions certainly won´t last forever and I think its safe to assume that the 2008-2012 period will be talked about in real estate investment circles for a very long time to come.
For full details on the real estate offered by Torcana Ltd please visit www.torcana.com