Would John Templeton Buy Honolulu Real Estate?

August 29th, 2008 categories: The Market

Sir John Templeton died on July 8, 2008. For the uninitiated, he was arguably one of the greatest stock investors of all time. According to the New York Times, “The flagship Templeton Growth Fund reported a 14.5 percent average annual return from 1954 to 1992; a $10,000 investment, with dividends reinvested, would have grown to $2 million.” Let’s assume he know something about risk.

Here is a quote from Sir John that has great application to Honolulu real estate.

“The time of maximum pessimism is the best time buy, and the time of maximum optimism is the best time to sell.”

There is pessimism in our market. Is it at a maximum? Maybe not. Is it going to get worse? I don’t know, but I am starting to see signs that attitudes and business are turning toward the positive side. If this is the case, then now is a great time to buy! Think about it.

Today’s view was taken from a 10th floor unit at the Colonnade on the Green condominium. The 2 bedroom 2 bath unit sold recently at $310,000.

OTHER POSTS WORTH READING!
Loans For College Condos
The Value Of A Realtor
Realtor Code of Ethics
Determining Offering Prices

This entry was posted on Friday, August 29th, 2008 at 7:00 am and is filed under The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.