BS = "Bubble Speak"

I hate B.S. (”bubble speak”), that is, people who keep saying there’s a bubble. Since 2002, when I first wrote about this on my website, I de-bunked the ”B.S.” of a national real estate bubble. The media loves to talk negative, because negative sells papers, and papers sell ads.

This is not the first time in history we’ve seen this kind of “BS”…

“Houses cost too much for the mass market. Today’s average price is out of reach for two-thirds of all buyers”
- Science Digest 1948

“The era of easy profits in real estate may be drawing to a close.”
- Money Magazine 1981

“Financial planners agree that houses will continue to be a poor investment.”
- Kiplinger’s Personal Financial Magazine 1993

I prefer to take the advice of a more positive source:

"Life is too short to spend your precious time trying to convince a person who wants to live in gloom and doom” - Zig Ziglar

You can find all the statistics you like to convince you the “market” is bad, but you can always find ways to profit in ANY market with the right attitutude, the right knowledge, and a little bit of hustle.