Certainly a lot going on in the financial world right now. Things that can scare the heck out of people. But lets not get too carried away by the news....and at the same time recognize there are real challenges we must overcome.
Is it possible we are getting over run by the negative simply because of the "momentum" the bad news has gained...be it the press or wall street or main street? Sure, the market has dropped in value..and yes Fannie and Freddie are under "new management"....and Lehman is gone...Merrill Lynch is part of Bank of America...and AIG was bailed out....by a big loan. None of those things can be ignored....but....things like this have happened before....be they the savings and loan crises, the oil crises of the late 70's....and many business's failed...or were bailed out...and each time this has happened...we have come out stronger than before.
This is America....our economy is resilient, and we...the people will do what it takes to make our country, our lives better. Right now our economy is growing ( fact at over 3% ). Interest rates are good. And home prices are not ever going to be more of a bargain. At some point in the near future...some will be forced to say...why didn't I buy then...I missed the best values...ever.
So stop the madness..... ... I hope you buy a new home....if nothing else...be one of those brave souls that face the challenges of today knowing that even with these challenges...the sky is not falling...and opportunity exists now...and that the future is bright...and we will prosper.
Wednesday, September 17, 2008
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