You’ve probably been trapped in a regretful conversation. One where there’s a dominant voice (usually male) telling everyone how he saw this stock as an up-and-comer or that business venture as a sure thing. Blaghty blagh blagh. The way the words drop out of his mouth, he should be a highflyer. But alas no. Despite the wealth of information he is willing to impart about the market, he never actually makes a move and puts his money on the table.
And then you have the travel bug. Oh- you should really go sailing amongst the Greek Isles and watch the sunset between Ionian columns. Or go kayaking in the Galapagos; snorkeling on the Great Barrier Reef, or horseback riding on a dude ranch in Wyoming! Come to find out, the travel bug never leaves the the winged back chair by the bay window in her living room. This wealth of information has yet to be experienced.
In the real estate business, everyone wants to anti up their advice to the prospective buyer or seller. At the job, their coworkers share all their experiences with ardent fervor- yet they moved over ten years ago. The neighbors warn the clients to look for this and be careful of that because the last time they were involved in a real estate transaction those were the going concerns.
As much as information gathering is part of the process of buying or selling a home, this type of chit chat is only vaguely helpful. The knowledge that guides a market participant to a successful outcome is obtained from parties, such as themselves, who are in an imminent position to complete a transaction. Those willing to pay have processed the particulars of their present market and thus have pertinent knowledge.
Home Economics 