Real Estate Investing:
(Get Rich In Real Estate
continued)
Put yourself in 1946. Imagine that you have just talked over the advisability of
buying a certain property.
You've just explained that all the figures and facts prove it is a good move. Your friend shakes his head and figuratively strokes his beard.
You are told, "Stay out of it. You're heading for trouble. Things are bound to go down—but down.
They've been rising steadily for six years. For every action there must be a reaction. All the good buys were bought up in the depression by the smart ones. Now it's too late. And mind you, why do you think he wants to sell it?
If it was any good, he'd keep it, not sell it. No, better keep your money. You'd lose your shirt." Now, in the light of that sage advice (which is exactly what I received), think of what happened with the Uni property.
Think what I would have missed if I had listened to the good-intentioned advice of my well-meaning friends. The psychological implications in this advice, as a trained psychologist would analyze it, are devious and mysterious. But any layman can see here that the advisor want:
(1) to appear very wise;
(2) to appear superior in his judgment to you;
(3) to justify his own stagnation in mediocrity and secretly (although
perhaps he does not realize it) to prevent you from moving up and thus
spotlighting and proving HIS failure to move ahead.
Now put yourself into 1948.
1 was contemplating the Collonades block. The details of this one will be set
forth in a later chapter, but imagine that you have talked this one over with
another sage.
The words and music are still the same. But you remember what happened
in the Uni property? This one turned out even better, much better!
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