I love it.
This is the moment I live for as an investor.
It hardly ever happens. But it is EXACTLY what I want to see as an investor… And it is happening right this second.
The moment I live for as an investor – the time when I can get the greatest deals – has two simple characteristics…
1. Nearly everyone in recent memory has lost a lot of money on this investment and has sworn it off. Meanwhile…
2. ALL of the latest data about that investment is 100% in favor of that asset going up. This rarely happens. People rarely get so severely burned that they’d completely give up on ever investing in that asset again, regardless of how attractive things are.
[ad#Google Adsense 336×280-IA]Less than two weeks ago, in DailyWealth, I wrote about this incredible idea.
And as I’ll show today, in the last two weeks, all the important data completely confirmed what I wrote.
The time is here.
My headline back then was “The Greatest Opportunity Ever Is Just About to Pass You By.”
I said, “You are foolish if you don’t do everything you can to take advantage of this… We may never see opportunity this great in our lifetimes.”
Meanwhile, I STILL don’t know anyone who has actually taken my advice here…
Many people rationally agree with what I’ve written. But they haven’t stepped into the batter’s box and taken a swing yet. I don’t know why.
I made my case as emphatically as possible… I said, “I’m more convinced of what I’m saying here than I have been about any other investment in my two decades of studying investments.”
What more can I say to express how I feel?
I’m talking about housing.
Everything is conspiring to send prices higher… right now. The opportunity for gains is there. I wrote, “You can buy a home and make a 175% tax-free gain by simply assuming things return to ‘normal.‘”
The basic story is that housing is an incredible value right this moment: With mortgage rates at record lows TODAY (at 3.87%) and with a record “bust” in home prices, housing is more affordable than ever. PLUS, we’re at the “puke” point – where banks are giving up properties at any price, just to get rid of ’em. PLUS, the government is getting in on the act, trying to help.
It’s only been 11 days since I wrote that DailyWealth… Today, the facts are confirming my strong belief… my belief that, not only has the bottom passed, but the best deals are passing you by at this very second.
Here are some brand-new facts. This is what a bottom looks like:
- Home sales probably climbed in January to their highest level since May 2010.
- The National Association of Home Builders/Wells Fargo index of builder confidence climbed in February (for the fifth-straight month) to the highest level since May 2007.
- Builders broke ground on more homes than forecast in January, and construction permits also advanced.
- Policymakers are working to help distressed homeowners. The top five mortgage lenders this month reached a $25 billion settlement with 49 states and the U.S. government.
- Fed Chairman Ben Bernanke called for more steps to heal the housing industry.
- The jobless rate fell to a three-year low of 8.3%.
All the facts are from a Bloomberg story that ran on Sunday. It basically said banks are helping, the government is helping, and the economy is improving.
It is crazy, because the brutal reality is, the real estate market doesn’t actually need the help… The extraordinary mortgage rates and the incredible affordability will straighten out housing all by themselves. Really. Smart investors are taking advantage and scooping up the bargains.
This is the moment I live for as an investor… The vast majority of the actual facts are going my way. Meanwhile people are frozen, afraid to act.
This is it.
Once again, get out there if you can swing it. Find yourself something. I’m nearly certain you’ll be glad you did…
Good investing,
Steve
Note from Daily Trade Alert: In case you missed it, we ran Steve’s original article on this opportunity here: Buy This RIGHT NOW and You Could Make a 175% Return, Tax-Free
[ad#jack p.s.]
Source: Daily Wealth