Okay here is an interesting idea. First let me tell you about my day. I was in Kahului Maui this morning picking up some new seeds for my garden before the day started at Lowe's. I ran into a contractor friend and he was telling me what a hit he took in the stock market the last few days.
A few nights earlier I was having dinner with an older client friend of mine visiting in town. Same story of how his life saving was taking a serious hit. I can't tell you how many people have mentioned the same thing.
So I was thinking that buying dirt always has long-term staying power. By dirt I mean real estate. It goes up it goes down but it doesn't go away. So this morning a travel agent friend of mine called to chat. Same story but she mentions that with people pulling money out of the market, real estate should start seeing the affects of money moving around.
This was my conclusion that real estate in a down market is safer than Wall St. right now long term. As my friend stated this could end up a winner for real estate. Maybe this might spark people buying homes and help end the housing slump. Just a thought.
Later,
Steven C. Nickens R(S) GRI ABR
3750 Wailea Alanui, suite 5We
Wailea, Maui, Hawaii 96753
Email: nickens@maui.net
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