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There have been 17 previous Real Estate cycles prior to this one. All of them look, sound and feel bad toward the bottom and at the top, people are so happy to own Real Estate. However, this one is inflicting a lot of collateral damage as it cycles through.
Instead of everyone getting by, now tens of millions are not doing so well. So much happened so fast. Also, the changes that are taking place in the Real Estate industry are redefining the way we will do business for years to come. The problem may be that we may not have found bottom yet.
UNEMPLOYMENT. If that doesn't get fixed, we are in for some long term challenging times. I don't specialize in this subject matter, all I am doing is really repeating what I see and hear out there from my neighbors, friends and fellow agents as they share with me. I strongly suspect..........
This was not accidental....... This is just too conveniently bad. It is like a planned bad.
While I am trying..... to figure things out, the price of gasoline goes up and stays up. What is with that? Every other industry is humbling. This one appears to be arrogant. I question (at the minimum) the timing of all this. When it comes to buying gasoline, we are a captive audience. What can you do?
I have heard....... it said that we are still feeling the effects of the 9-11 attack. In the world of a marksman hitting a target, the enemy scored an economic bulls-eye hit on us like you can't believe. Multi-trillions (and counting) is the estimate. You want to destroy a country......attack it's economy.
I appreciate ......the work Obama put in (although I am still evaluating it) in regards to the health-care plan etc. I do not know much about it except to say this......what good is that when unemployment and housing is failing? OK..... I have access to health-care coverage now....However.......where AND how do we work and live?
A segment of this country..... had the audacity to mess with the American Dream.....Maslow's base of the life pyramid fundamental of the food, SHELTER, and clothing fame. They had to play with it and they broke it. Until that is repaired, the American dream can be a nightmare to some. This is not good.
Everytime I see coverage of Congress & Government anywhere, I wonder what these people do all day in light of all the problems we have? In any other business, when things are going wrong, you work harder, longer until remedied. All I see is partying, perks, arguing, and lack of results. When did this become acceptable? I wrote Two California Senators many months ago to take note of people losing their jobs and homes and to make this a priority. I got detail responses in writing from both stating that they are doing everything you can imagine........but all I can go on is the result. You cant eat, sleep and live TALK.
I am ignorant of this subject...., the causes..... and the cures. I only bring this up because it impacts the business I am in.....REAL ESTATE.
TWO THINGSI KNOW......
AS AN AGENT, I WILL DO ALL I CAN FOR WHOEVER CONTACTS ME WITH A PROBLEM
THE BEST TIME TO BUY IS AT THE BOTTOM OF THE CYCLE.......(THAT BE NOW)
Richie Alan Naggar Ran Right Realty Riverside, Ca
Real Estate Broker and AUTHOR of the popular "PEARLS SERIES"of books on LIFE and LOVE
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.