Been reading a lot of negative news about the economy in general, and specifically the real estate market. I told people to watch for this. It’s a sure sign we’ve hit bottom when everyone’s given up hope. Greenspan started talking about this being “the big one” – the once in a lifetime crash.
I thought this might be the bottom, until:
- Two friends thought it was a good time to go out and buy houses. They did, and have no regrets.
- My wife suggested we buy a ski condo. And I had to think about whether it was a good idea, or not.
- Then the financial firms behind all those bad mortgages came crashing down around us, but before the dust settled, the government came in and promised 100′s of billions to bailout for the Wall Street bankers.
then look what happened
With that kind of good news, I know we haven’t hit bottom yet.
But its coming soon. I can feel it.
Like the groundhog that comes out to check on Spring and goes back in when he see’s too many bright things around, there’s still too much good news around — I’m going back in the hold for another 6 weeks. Check back then.
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