Economic Winter

Mortgage and Lending with Lynn Meldrum with Verico Canada First Mortgage

As i sit here in my office I'm looking out the window and what do I see but a depressing snow storm.  This is about the time that it feels like winter is never going to end here in Calgary.  All the doom and gloom of the season here in western Canada,  It's so easy to get into this type of head space of feeling depressed.  It's like the ecomony right now, I believe we are in the winter of our recession and we need to ride it out because it's not going to stay winter and the ecomony is not going to stay this bad.  We will have the spring to look forward to all the warm air and the nice hot sun.  We can go and swim in the outdoor pools and enjoy the longer days of summer.  This will also happen to the economy, it might not be as soon as the spring but it will change for the better.  We will looking at making money in our RRSP's and selling our homes when we need to without taking a hit.  We just have to make it through this ecomonic winter. 

There's always a bright side to both.  In the winter time we can go out and ski and snowboard and skate.  Just like the upside to this recession, we have low interest rates so that you can use some of the equity in your home for a buffer so that if it gets bad you can ease the way a bit financially.

Hope everyone's winter comes to a close soon.  See you in the Spring

Lynn Meldrum

Verico Canada First Mortgage



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Vanessa V. Simmons
Real Living HER - Columbus, OH

I hear you the winter in Ohio bring the "Ohio Grey" little sun lots of overcast skies.  I start thinking spring by the 2nd week of Feb.  although it is still a month plus of yucky weather ahead.

Feb 23, 2009 12:21 PM #1
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

I am just excited to write a mortgage this week, lol.  Things have been so slow until recently that I was thinking of running off to Mexico for a couple weeks.

Feb 23, 2009 12:54 PM #2
Lee & Carol Barbour, REALTORS
Murphy and Hayesville, NC; Hiawassee, Blairsville, Blue Ridge GA and Copperhill TN - Murphy, NC
Mountain Living Team in Murphy NC and North GA

What a great way to look at this "economic winter" - I could almost feel the sunshine coming thru the window as I was reading.

Feb 23, 2009 01:46 PM #3
Eileen Begley
Coldwell Banker, DelMonte - Carmel, CA
Monterey Real Estate

Hi Lynn, love the comparision!  Yes, spring is right around the corner - though we may need to make things bloom ourselves.

Feb 23, 2009 03:58 PM #4
Paul McFadden
Paratex - Seattle, WA
Pest Control, Seattle, WA.

Lynn: I like your analogy. We've been awfully busy here but that's after a pretty awful 2008. I see alot of hope for 2009; the only unknown is the bad news that's still out there. And I'm afraid there's still quite a bit. Have a great day!

Feb 24, 2009 12:33 AM #5
Marvin de la Vega
Realty Source Inc - Chula Vista, CA

I agree with Paul, great analogy. In a similar vein from a warmer climate, I also have a post with a surfing analogy. I'm not sure if it will help you through the winter, but maybe you'll find it entertaining...? I do believe the market is coming back, just like the warmer seasons. Come visit us if you need a break from the cold!

Feb 24, 2009 04:19 PM #6
Lara O'Keefe
North Texas Home Finders - McKinney, TX

Lynn, I know I'm late to comment, but I liked the optimism of your post. It's time for Spring and all the growth and opportunities that it may bring. If nothing else, then it's renewed hope :-)

Mar 12, 2009 05:57 AM #7
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