So here we are, the Monday after the "big" bailout. The stock market crashed again but did make a comeback to lose only -369.88 . Some would say this is a pretty scary time! However, others are looking at this as a great opportunity. The question is how do you look at it?
The unfortunate part here, and I won't get political, is that the real problems are the Media driving this frenzy, and our government running around with their heads cut off trying to fix it. The reality is, as it always does, the market will fix itself. The market is made to have companies do bad business, go down, and have another company seizing the opportunity. Our country has done just great the past 50 years or so following our founding fathers guidance. My belief is if we took the media out of the equation then we wouldn't be even close to having this meltdown. They have been non stop being the barers of doom and gloom. I guess that's one negative to free speech. Anyone can say anything without being held accountable. It's amazing what the media will do for ratings and to get their candidate, Mr. Obama, into office. But we won't go there either!
So here I am sitting at my desk probably wondering where my future lies as most small business people are doing right about now. I know I have to go home and have dinner, but I feel the urge to sit at my desk and try to figure out the worlds problems. The good news is we are still doing fine as a company and our customers are still buying homes. They are certainly taking advantage of the buyers market right now. In the end, no matter what I do, or how much I complain about the additional $150 Billion in pork added to the useless bailout, it will be what it will be. I personally think that every congressman that asked for their portion of the pork bill should be impeached from office. As much as I don't agree with the bailout, they put their personal pet projects ahead of taking care of America. They are traitors in my book whether they are democrat or republican.
Here we are with the same question we have had for quite some time now. Is it a good time to buy? I believe it is. I believe this is just a blip on the screen and after the election the markets will mysteriously become stable again and things will be on track. If you are smart right now you will take advantage of the situation. I wish I had more cash available so I could buy property. In the end our property values will come back. Our property values will increase and things will be normal.
That's my point of view on all of this. I just want to assure you that we are here to stay and we are helping buyers and sellers every single day!
As always, if you need anything please let me know. I'm always here to help.
Mitch
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2 comments:
Hi Mitch. I agree that it is a good time to buy right now. The home prices are low and coupled with this time of year there are some good deals to be picked up. Real estate will bounce back. It is an uncertain time though....and with the elections. Being in New Jersey and 40 minutes outside of New York, we are really feeling the tension of this situation. The market falling is devastating for alot retirees...or those very close.
Hey Sue! It is a trying time for everyone, especially retirees who have seen their retirement funds split in half the past two weeks. I'm confident that things will come back, although the government being involved is kinda scary! We have been through difficulties before. Unfortunately between the media and government, they are panicking everyone turning this into a bigger mess than it needs to be. However, I believe the American people are smarter than our government and will manage to keep their heads cool while we make the transition. And, if people are nervous about the market, then this is a great time to buy a home!
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