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So he decided to wait out the market.
A strong owner may feel he is better off waiting out the market than locking in rents that are too low for a lengthy period.
However, if you have 10 years to wait out the market's ups and downs, Hanson said this is the perfect time to invest.
Market timing becomes a more attractive strategy for investors age 60 and up who have less time to wait out the market's volatile moments.
Some will likely try to wait out the market's storm before they try to sell the investments off, but others might not have that luxury.
Renting, no doubt, isn't for everyone, and some buyers have already been waiting out the market, anticipating a dip.
Bogle urged investors to wait out the market downturn or at least keep any changes small and incremental.
“It suggests that a lot of sellers are holding on to their properties to wait out the market.”
Those recycling centers are storing heaps of waste in warehouses while waiting out the market.
Many would-be buyers fear getting caught in the downdraft and are waiting out the market in hopes of the best possible deal.
Lee sold his Anaheim condominium unit in 2005 and moved in with his mother to wait out the market.
Taylor too has modified her business practices, shifting her focus from home sales to rental property management, advising clients to wait out the market.
The rental market is also percolating, he said, and some owners who cannot sell are waiting out the market by negotiating short-term leases.
Government bonds in the euro zone, Japan and the United States have been a haven for investors hoping to wait out the market turmoil.
He then waited out the market until it rebounded, and paid off the interest on the money he borrowed to buy the securities in the first place.
"If mortgage rates go up to where people decide to wait out the market again, that's just going to add to the inventory numbers and put more downward pricing pressure on all homes."
But serious buyers are out there, especially those who have been waiting out the market slump by renting, said Mark Markelz, an agent with William Raveis in Fairfield.
Owners of top horses began to keep their horses on the track, in the hopes of winning fat purses, enhancing their horses' stud credentials and waiting out the market downturn.
For one thing, the housing market downturn and resulting credit crackdown have put home-buying out of reach of many younger consumers who have decided to wait out the market in their old bedrooms.
“These sellers can afford to wait out the market, and many of the purchases are cash deals,” said Julianna Flanders of Flanders Up-Island Real Estate in Chilmark.
The sponsors' sales of renter-occupied apartments have typically been to other converters and investors who are able to wait out the market until the apartments become vacant and their value can be realized in a sale.
For many of these people, though, the option of renting out a home is a godsend, enabling them to cover some or even all of their carrying costs while they regroup financially or wait out the market.
"They may make it because they have the deep pocket to wait out the market until it matures," said Stefanie Symon, the co-founder and executive editor of the Web magazine Feed, who also expects to switch to paid subscriptions eventually.
The Mets signed the Japanese free-agent shortstop Kazuo Matsui, center fielder Mike Cameron and closer Braden Looper by waiting out the market, and they are using a similar tactic on Guerrero, who turns 28 next month.
[ID:nSIN233826] Property developers such as City Developments <CTDM.SI> and Keppel Land <KLAN.SI> have said they will consider delaying new launches to wait out the market turmoil.