When everyone around you are drowning, its easy to be gloomy. But all is not so bad in housing land. And in some areas many are calling it a rebound.
Economists are quick to predict upward or downward trends. And never quite explain why they were wrong because they are to busy explaining what will happen this next time. Kind of like the weatherman. When an economists comes out and says buy 2 million shares of xyz, or short xyz, then I will know to take this as more of a hard science.
Look. To guess how our real estate story was going to end did not take a genius. And as it makes great headlines and gives bubble bloggers something to talk about, the ramifications and solutions are often overblown. And because these gloomers are invested, the crisis is forever predicted to be ongoing. However, to the common sense and to the level heads will the spoils go.
A recent article in Christian Science Monitor gives a nice assessment of our overreaction to the ongoing economic "crisis". Even that word alone is ridiculous. Crisis? I heard one guy call it an economic "meltdown". Like 5% unemployment is a bad thing. It used to be called good times!
The rebound will happen soon, and as I have mentioned in the positive on real estate trainings, change and perception changes on a dime these days. By the time the evening news gets it it is old news already.
Will you help create the shift in public perception, or find out about it changing on the evening news? Be a thought leader.
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