“Buying Doesn't Make You Rich, Selling Does.”

Snip...

“And once the big, expensive house has to lower its price to sell, the ones behind it will get frightened. People will dump the way they did with stocks, and many will be left holding the bag. Remember, buying doesn't make you rich, selling does. And selling requires customers. Always has.

So the next time someone says, "We bought our place six months ago and today it's worth (fill in price)," ask this question: "Really? Do you have a check in that amount?"

Because if they don't, it's still a risk. The risk is gravity; what goes up comes down. And gravity, I'm afraid, is every bit as real as a breakfast nook. “