In real estate, a moderate appetite for risk will serve you well

Mood of the Market

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You've possibly noticed that there's an election afoot. And if you are one of the billion folks with a Facebook account, you might have noticed something else: the sometimes surprising political leanings, ideologies and even rantings of the people you thought you knew so well. As much as most of us hate to be predictable, the fact is many of us do hold beliefs and values that fall more or less neatly into a political bucket, whether conservative, liberal or moderate. As I see it, the recession had a similar effect with real estate. It revealed the real estate styles of each one of us much more than we even knew. Though generalizations can be pitfall-prone, I've found that being conscious of your inherent philosophy on real estate can help you (a) take steps to do the research and create a decision-making process that dials back the undesirable effects of any extreme tendencies you know you have, and (b) account for the differences between your style and your mate's in advan...