When I moved to Florida in 2005, the real estate market was hot, sizzling hot. We sold our Harrisburg PA home for a tidy profit, but the purchase of the new house in Jacksonville caused us to pay up. It was at the height of the real estate boom. Ouch!
The market pendulum swings from undervaluation to overvaluation on a continual basis. Very seldom is the market (or individual stocks at that) in perfect equilibrium. By perfect equilibrium, I mean perceptions of value (market price levels) equaling the true value. This is a concept that Howar
