What will you do Different?
Well let's see. Along with record weather we have record interest rate cuts. Defaults, short sales and foreclosures are on the rise. Home prices have dropped from their lofty and wishful altitudes. In some parts of the country banks are unloading properties en masse. Investors are awakening from their slumber. First time home buyers are beginning to stir...again. It appears we may get another chance. Certainly not the run up in home prices from inventory starved markets like before. But, perhaps a showing of life. Say 60 heart beats per minute, up from 20. The Doctor may say "I think he is coming out of his coma."
Now, if the market comes back to some semblance of life at all, like even 1/3 of the activity we enjoyed (as lenders, investors, Realtors and first and second home buyers) from '03 to the Fall of '05 what will you do different?
20/20 hindsight is a wonderful thing and everyone seems to have it . Everyone is an expert on why the balloon popped or at least hissed to a screeching halt. But, now what will YOU do different, better or with more caution? Did you miss an earlier opportunity when the market was "hot"? Did you get out too early or get in too late, or...? Did you save your money, over overspend? Now that you have been there, done that, have the hat, t-shirt and the tattoo what sage advice would you share with the newbie. Unload your wisdom here.
References:
#1. http://www.inergyhomes.net/ #2. http://www.therealmccoy.us/ #3.http://www.oregongreenhomes.net/
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