![\"download-47-300x69\"](\"https:\/\/www.thenorrisgroup.com\/wp-content\/uploads\/2017\/06\/download-47-300x69.jpg\")
<\/p>\n<\/p>\n
“Dodd-Frank, deleveraging, austerity, taxation\u2026I began to look at the scope of changes I see coming. Not changes that might happen, but must happen!\u00a0Will the changes be so enormous that it converts what used to be a very profitable business to one that becomes no longer viable? ALL In or Fold<\/em> is an honest attempt to attack real estate and see if it can survive.” – Bruce Norris<\/p>\n I began to look at the scope of changes I see coming. Not what may happen, but what must happen! Will the changes be so enormous that they convert what was a very profitable business into one that\u2019s much less profitable?<\/p>\n I found myself playing the part of devil\u2019s advocate as I did research for this new report, All In or Fold<\/em>. If you\u2019re assuming that because real estate prices are half-off and interest rates are rock bottom, that this must be the all-time best investment opportunity of our lifetime to \u201cgo all in\u201d, I encourage you to take a second look.<\/p>\n I do real estate market timing reports for two reasons. The first is to determine a strategy for my personal money and the businesses I own. The second is to share those findings with you in the most honest fashion possible. What I\u2019m telling you is I was willing to write a report that said \u201cfold\u201d when it came to the future of real estate as an investment. The research that I\u2019ve done has been an honest attempt to attack real estate and see if it would survive.<\/p>\n Why did real estate go up in the first place? It didn\u2019t really go up prior to the 70s. Why? Why did California go up after 1973 at twice the pace of the rest of the country? That had never happened before. Were we just lucky that we were born in an era that found the baby boom generation maturing? As this huge generation got older, they earned more and demanded bigger houses. When one income wasn\u2019t enough, no problem: enter the dominance of the two-worker family. When we needed more buyers, no problem: enter the foreign buyer, the emergence of the minority family buyer, and lots of migration. Whenever we reached a price point that made it difficult to qualify, no problem: we simply adjusted the loan programs to allow more and more people to buy.<\/p>\n I began to wonder if real estate went up due to a series of what I\u2019ll call First Time Events. I found several dozen of these first time events, but they are over. They were possibly the drivers of past real estate cycles, but what will fuel future price growth if these first time events aren\u2019t replaced?<\/p>\nLETTER FROM BRUCE<\/h2>\n
![\"9-1\"](\"https:\/\/www.thenorrisgroup.com\/wp-content\/uploads\/2017\/03\/9-1.jpg\")
\nI never thought I\u2019d ever contemplate not being a real estate investor. I\u2019ve become financially well off because of real estate (at least, real estate as I know it).<\/p>\n\n