Property Inflation

22 October 2020

We recently came across this poem about investing in property, and thought you might find it interesting. Once you have read it, and only then, take a look at the date of first publication. Makes you think!

PROPERTY INFLATION

I hesitate to make a list

Of all the countless deals I’ve missed.

Bonanzas that were in my grip

I watched through my fingers slip.

The windfalls that I should have caught

Were lost, because I over-thought.

I thought of this, I thought of that

I could have sworn I smelled a rat;

And whilst I thought things over twice

Another grabbed them at the price.

It always seems I hesitate

Then make my mind up much too late

A very cautious man am I

And that is why I never buy.

How Nassau and how Suffolk grew

New Jersey, Statten Island too

When others culled those sprawling farms

And welcomed deals with open arms

A corner here, ten acres there

Compounding values year by year

I chose to think,

And as I thought

They bought the deals I should have bought

The golden chances I had then, are lost

And will not come again

Today I cannot be enticed

For everything’s so overpriced

The deals of yesteryear are dead

The market’s soft

And so’s my head

At times a teardrop drowns my eye

For deals I had, but did not buy

And now life’s saddest words I pen

“If only I’d invested then!”

Farm and Land Realtor Magazine, October 1917 – over one hundred years ago!