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Yes, it's an option we've discussed. It obviously depends on liquidity in the market at the time and the size of the decrease. It's worth remembering that housi
by jdross 11y ago
Yes, it's an option we've discussed. It obviously depends on liquidity in the market at the time and the size of the decrease. It's worth remembering that housing has only crashed like this twice in 100 years, and that a lot of investors made a lot of money in the last downturn, if they were smart.
A good analogy may be CarMax, who shifted their mix in the recession towards distressed cars and ultimately kept revenue/profits reasonably consistent. Of note: This was at the same time car companies like GM and Ford were seriously at risk of bankruptcy.