There are cycles in life and in the economy. The masses are driven by fear--they believe what they read on the Internet and take it as TRUTH. They believe what they read in the newspaper--with journalistic license as the order of the day--reporters "report facts" with much subjectivity--their facts can be shaded a bit, don't have to be absolutely TRUE--just so they sound good to itching ears.
The same goes for the real estate market.We hear reports of the housing market getting badder and badder--and they are going to get worse and worse.
People ask, should I buy or wait? Timing any market and trying to pick a bottom is not easy. Anything can happen. Believing that GAS PRICES will be this high or higher--forever,means that there are NO CYCLES, NO HOPE--only UP for what's BAD and DOWN for what's good.
Follow the crowd and it can cost you. So, your gonna trade that SUV in for a GREEN car--it's a good idea to do the math: The cost to recoup what you'd save in gas could wind up being a LONG pay back period-- plus, you'll not get very much for your vehicle.
The pain is temporary. Suck it up.
Gas prices are coming down--maybe it's temporary.Who knows. But wouldn't it be nice to I will have a nice roomy SUV and to ride buyers around in through the mud, sleet and snow of South Carolina. (joke)
It's also time to buy a NICE roomy home--a bigger and better one that you can get at a great price, NOW!
Do the exact opposite of what the masses do--it's more fun and can be very profitable--Shop for your SUV in August...when dealers get their new cars--and will have lots of used and left over SUVs