After witnessing the worst week ever for the DOW and the most movement on any one day of 1000 points that happened last Friday, I am wondering if this G7 conference can do anything to help this economy right now. We have to get the banking system working right away and thank goodness we have the lessons of the Great Depression to help us figure this out.
The challenge this time is that now we are a global economy and it is going to take all of the world economies working together to help and this G7 summit could not have come at a better time. Our "credit card economy" has finally "maxed-out" and this is going to cause everybody to have to get a grip on our personal spending.
This is going to hurt the housing markets, retail markets, service markets and every other segment of our economy and will affect the whole world's economy. Our government is not setting a good example either with a 11.3 Trillion Dollar Deficit!
The positive news for us is that everyone is saying the housing industry has got to be the thing that gets our world economy going again and everyone is going to be doing everything they can to help us.
Let's do our part to help our economy by selling some houses this month! Think like Americans did when they chipped in to help the war effort during WWII and let's roll up our sleeves and get this housing industry going again! Call me if you need some new creative and fresh ideas!
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Try us for your JUMBO LOAN clients too! We have a new Jumbo pricing special that is kicking butt right now!
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Are you still promoting the $7500 1st-time buyer tax credit! This will probably make the mortgage payment for the entire 1st year for most houses in our region! How's that for a great incentive!
Senior Mortgage Advisor
PHH Mortgage - 843-230-7929
Senior Advisor - Helping you GROW your business!
www.activerain.com./luckydog1 - SC
www.activerain.com/luckydog2 - NC
http://samthompson.phhmortgage.com/
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