"You just have to avoid getting excited when other people are excited,"

[David Krulac]

so said Warren Buffett at the annual Berkshire Hathaway Shareholder's meeting last Saturday.

And while he was talking about the Stock Market, I think that it applies equally well to Real Estate. Investing is a Lemmings business, instead of buying low and selling high, many investors jump in when things are going well near or at the top and sell when things are going badly at a loss. Then the complain how investing doesn't work. Well if you buy high and sell low, it probably won't work for you.