These are dark days for the Real Estate markets around the country, and for mortgage companies, and for the economy in general.  Every place I turn, people are talking about it, every news channel I put the TV on, they are talking about it. 

I have to say, I love it, I just love it!!

Am I some person who thrives on the misery of others you might be asking yourselves?

No not really, I believe that things always look the worst, like everything could just come to an end right before they start getting better.  In watching the news again today while they talked about Wamo needing to be bought out or it will fail, I thought to myself, I should check my bank accounts and see if I can send my 2008 IRA contribution in early, put it all to work, possibly buy shares in the S&P 500, or if I want to take a little more risk, buy Wells Fargo, or Bank of America, or General Motors, or Ford, what the heck all of these companies have weathered ultimate storm after ultimate storm (I think I should have said perfect storm but you know what I mean).

I wrote a blog post about my experence in the Morristown nj real estate market and what all was going on during black Monday September 15th 2008, the day Lehman fell, Merrill had no choice but to sell out at fire sale prices, and near the end of the day the AIG dragon started to rear it's ugly head, and Wamo waited on the sidelines to implode.  After all, who could be thinking of buying Morristown nj real estate on a day when it looked like the world was coming to an end financially.

If you visit my blog post about Black Monday, please leave a relevant comment.  The blog will even let you have a relevant link back to your website that Google & Yahoo will give you credit for, unlike commenting on active rain blog posts which give you no credit with the search engines.

Thank you,

Jim

James Boyer
Morristown NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct