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Coach G lost everything in the 1991 recession and watched others profit by buying real estate cheap with options. In 2012, he predicts the next correction will hit by 2020 and plans to buy low-risk this time instead of sitting it out.
Coach G lost everything in the 1991 recession and watched others profit by buying real estate cheap with options. In 2012, he predicts the next correction will hit by 2020 and plans to buy low-risk this time instead of sitting it out.
The 2020 vision says this. I need to tell you my story a little bit. In 1991, I had been a successful commercial broker, but the market tanked. We had a recession, and I went down with it, frankly. I lost all my stuff. I got divorced. The list goes on. Wasn't a good time. I spent the next six years kind of feeling sorry for myself, kind of wounded, just kind of beat up. And I just said, you know what? I tried my hardest. Just didn't work out. Some people didn't have that attitude. Some people stepped up and said, you know, this is actually the best time to buy. And they did. And they did it the right way. They bought it with options, they took low risk, they bought the right stuff. They did extremely well. I didn't. I was sitting there in the wrong mindset. I said to myself, after that, I said, if that ever happens again in our lifetime, I'm going to be on the right side of that equation. Guess where we are now. Yep. So what the 2020 vision says is that by the year 2020, which is what, eight years from now or less, actually is what, seven and a half years? Seven and a half years. And it goes fast, this market will have corrected itself. And the people that took action now, notes real estate, did the right thing, studied the game, are going to do very well. I plan to be one of those guys. So that's my 2020vision.
