Seems like all the news of late is about sub-prime. There has been a decided shift away from the infamous "bubble" I wonder where the sky will fall next? I am not sitting here with blinders but I do believe that each "major" story will fall into the "this too shall pass" category. The problem as I see it isn't soo much the messenger but the message. The constant and never ending hype of this or that catastrophe leads people to yawn. Then when it really does get real... everyone is looking elsewhere and real damage is done.
There are sooo many more issues day to day that effect marketing and buyers or sellers. But the hype wins out. Congress is worse, with an election, all they care about is making someone look bad and them having sound bites. No real solution there (nor should there be... responsibility is a key factor and that is difficult to legislate).
Seems to me, hype will cool, the market will sort itself out, congress is irrelevant and the people in the trenches may suffer a little and then start again. We can always start again, my, dad at 80 suffered a bankruptcy at 97 he is back at it and is investing and doing some accounting...now if I can only get him to take it easy on the DOT for taking his license away...lol!
Perrin,
Interesting perspective here. Thank you!