I have been writing about tomorrow's much anticipated Federal Reserve meeting for the past week or so, and am about ready to move on to another (more positive) topic. So, that being said, we're going to assume that the Federal Reserve decide not to discount the rate tomorrow.
Now, before you go "Red X'ing" my blog for being a pesimist, just hear me out for this one second.
For those of us in the Real Estate industry, it's not all a bad thing. Yes, we will see the stock market get hit, and see consumer spending decrease. However, look at the bright side of things!
- Strong stocks are now at a discounted price...buy them while they're "on sale"
- You have investment opportunities in Real Estate that you haven't had before due to the foreclosures
- City tax sales of Real Estate properties will become a monthly meeting instead of a bi-annual event
- This will be a time for you to focus on your budget and really analyse what you have coming in instead of going out and spending what you don't have
Overall, a neutral move tomorrow for the Fed wouldn't be such a bad thing if you look at it like that. A lot of people will suffer, yes, and I definitely empathize because I was there one as well. But, there are always better days coming, and it is up to you to make good out of whatever happens tomorrow.
So, ask yourself this: Will you be walking your own path of success tomorrow if the Fed doesn't cut the rate, or are you going to let that have a greater effect than it should?
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