I had very few home run deals.Time is the magic ingredient for REI.

Who currently has ingredients for lasagna?

Time in the market is definitely the biggest ingredient to success in real estate, but also having cash reserves to weather whatever storm may come your way.

However, if you listen to a lot of the content that BP and other real estate sources put out (not the general media), the ingredients for a housing crash just aren't all there.

About 6-7 months are slow.We had some thoughts about getting “creative” and offering weekend retreats for couples where we lower the price and perhaps add some additional “perks” (Wine and ingredients  for dinner, something like that) perhaps an Hot Tub during the winter could make it more desirable?

The most important ingredient in real estate is time. 

Hey folks,I'm interested to hear the BP community's thoughts on whether we could be on the brink of a wage / price spiral in the U.S.A wage / price spiral occurs when wages increase (which is occurring), and those increased wages cause the prices of goods and services to increase (inflation, which is also occurring), and that increased inflation causes wages to increase more, and the cycle continues on and on until you're paying $100 for a loaf of bread.A bit more specifically, the theory is: increases in wages creates more discretionary money that people use to buy more goods and services (demand goes up), and this increased demand causes prices to go up (inflation increases), that increased inflation increases demand for higher wages (workers will only work jobs that pay enough to afford the costs of the inflated goods and services), and those higher wages increase the cost of production of goods and services, which increases the price of those goods and services (more inflation).I've seen a variety of opinions on this topic...Some people think we're already in a wage / price spiral, or that we're on the brink of one (for instance, see this Marketplace article: https://www.marketplace.org/20... )   ...others seem to take the perspective that a wage / price spiral is a "dangerous myth" (for instance, see this article from the libertarian-leaning Cato Institute: https://www.cato.org/commentar... )What we do know: the two main ingredients for a wage / price spiral (increasing wages and increasing inflation) are present. 

Month ago and for years before it was $1.07.A few days ago $1.30.Today $1.49.The major ingredients in soft drinks are Water, Sweetner (corn syrup usually) and Carbon Dioxide. 

I thought all this times the secret ingredient is baklava ;-)

If appreciation is your main ingredient for wealth building, then maybe low or no cash flow is ok.