It is apparent that the term "Market Correction" has lost its luster in the media. How high and far did we all think this market was going to go? I can visualize the ad now.......
Beautiful 850 SF 2 BR / 1 BA bungalow on .09 acre lot only 92 miles from city center offered for just under: (Drum roll please) $40 Million Dollars!
Hurry because this deal will not last long! You will be asked to participate in (4 comments)
real estate bubble: Enough Already!
- 08/27/08 02:35 PM
Over the past year or so, we have been inundated with news reports that the real estate market is in the tank. Yes, the bubble has burst, the sky is falling, and those who dare to voluntarily make a move are destined to spend eternity in hell for being so reckless. Combined with the recent news about the mortgage industry, you'd have to believe that a giant, flaming meteor is on a collision course with downtown Indianapolis.
The biggest issue facing the real estate market today is fear. A motivational speaker once explained fear to me as False Evidence Appearing (0 comments)