...Or Just Press "Recycle"

...Or Just Press "Recycle"
by John Alesi, Orange County CA REALTOR®
Orange County CA Real Estate

According to an article in the Sunday, April 1, 2007, Orange County Register, the current sub-prime crises may not lead to an industry shake up in spite of what the press may predict.  The author of this article, Jonathan Lansner, usually Mr Gloom-n-Doom, feels that these types of financial crises don't always lead to economy-wide disaster.  Lansner reflects on three separate occasions in the past 20 years where Orange County, California, faced economic crisis only to look the other way three of those four times.  The S&L collapse in the late 80s was the event that eventually  rocked the local economy while people pretty much looked the other way during the '94 OC Bankruptcy, the '98 Foreign Debt hassle and the '01 Tech Stock/September 11th double whammy without much of a blip in the local economic radar.

I can't and won't predict the outcome of this current economic blip across the country, especially since I have a pretty myopic view from my little corner of Southern California, but it is ultimately in the hands of the consumers (home buyers) to determine if this "economic moment" will cause a nationwide disruption or just be tossed aside like yesterday's newspaper into the recycling bin.

John Alesi, Orange County REALTOR®
www.YourOCHome.com