The Perfect Rainbow, Revisited!
The Perfect Rainbow, Revisited
This is a re-work of a letter published here last fall, but the sentiment is so appropriate, I thought it justified an update. Of course, you will recall the popular movie of a couple of years ago called The Perfect Storm! It was an unlikely but memorable name, and The Perfect Rainbow is a lot more positive! And this is not to say the storm we have had was perfect, but it was a pretty darned good one. So it’s good that we should expect a pretty-darned good rainbow. And that’s what we believe prevails, market wise, so it’s an appropriate analogy. It’s a bit counter-intuitive, because the media and others have installed high levels of wariness, but we do not recall circumstances any more promising in recent years, and the surge in the market so far in 2010 says that many consumers feel the same.
· There is good inventory fromwhich to choose.
· The values are stable and realistic, and not likely, it appears, to go lower.
· The asking price versus selling price ratios are getting smaller.
The competition is not yet outrageous, but building.
- Money is easily available, at all-time low rates, (but rates appear anxious to rise.)
- The affordability index is at an all time high.
(please pardon the disparity of button size above….I can’t get them = for anything!)Of course we would more than ever recommend great care in buying; to minimize risks and maximize enjoyment and resale. That is where we come in.
But we’re envisioning historically “best times to buy” that may not return even in (some of our) lifetimes! If you want to talk about it with me, use 800-231-5588.
Merrill Ottwein