If you  are a skeptic you will find this video from Inman TV interesting. It is an interview with Michael Shermer who publishes Skeptic Magazine. He has written a book called "Mind of the Market", where he gives his take/view on the industry. I thought that he was going to have a pessimistic view on the downturn in our market. I believed he was going to talk about how things were bad and we are all to blame.

On the contrary he had some very optimistic and insightful thoughts about the market. In the end of the video he says that the market will inevitably change for the better. I found that his comments were in-line with what I was thinking and I was glad to hear someone else had an optimistic outlook on our market.

I have been of the belief that Real Estate has has been a pretty good and safe bet when it comes to investing and creating wealth. It has been for as long as we have placed value on land. And the notion that buying real estate is like finding fools gold is a gross misinterpretation.

Real Estate is a great long term investment, if you hold onto it long enough you will make money. "You don't wait to buy real estate, You buy real estate and you wait", I cannot recall who said this or were I read it but it should be our industry's motto. Its not how much money you will make in a few years, but how much you can make if you hold onto it long enough. Keep that in mind if you work in the industry, and if you are a home owner or home buyer. Look into the distant future. Do not ponder what will happen in the near future.

The market will correct itself and you will find yourself in a better position if can "hang in there" as Shermer put it.

Here is the Inman interview with Michael Shermer, it is only five minutes long take to watch it and brighten you outlook on the market.