It's an interesting time in Real Estate right now.

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

So what does it all mean?

With the government bailing out the financial companies of our country, what does this all mean to us? Actually, I wish I had the answer. To me this is probably a mistake as we have become a reactionary counry versus a country of sound principles. I'm a big believer in less government. I believe that captialism will provide most of the answers as it usually does. I know that if my company is having financial trouble nobody is going to come and save me. I'm going to drown with all my other small business comrades!

These companies are failing because they got greedy and corrupt. Should they be saved? The problem is that they control so much of our citizens retirement accounts and that's where the issue lies. That is why the government is bailing out these companies. However, if this has to be, then the people who run these companies should be held accountable for all the bad investments they made with our money. It was these people, out of greed, that made the decisions to make these dumb investments. Are they going to be able to continue to run these companies with no consequence?

As I said, I'm not a big believer in bailing out these companies but we are in a tough place. If we don't do it, millions of people are going to be financially ruined. If we do it we are saying it's ok to take risks that are going to hurt these same millions of people.

It's the same with all these investors who decided to walk away from their obligations because of their greed...but that's another story for another day!