DATELINE: Across the U.S.A.
FLASH: We Are Not in a Great Depression and no recession has lasted longer than 18-24 months… Have Faith … Turn off the News … get the COLD, HARD FACTS…Get The TRUTH
Click on Historical Perspective 100 Years under the Home Page
There is Good News about today’s market that you seldom hear … we have to remind ourselves that the media reports NEGATIVE news, not positive news. Their key objective is to pull in an audience (and advertisers), not to make you feel good about your world. They announce the unemployment rate rising despite the fact that millions of people are still working, making money, eating at restaurants and even buying/selling homes. In fact, while 3% of homes in the U.S. are in foreclosure, 97% are in good standing. Despite what the nightly news reports, financing is still readily available for qualified buyers.
Are we really spinning out of control???
The U.S. Gross Domestic Product is more than the GDP of the three next countries combined–Japan, China & Germany. Housing affordability is the best its been in 20 years … there is still time to take advantage of lower home prices and historically low interest rates. With this built-in discount on prices and interest rates, smart investors can hold on to property to build equity and long-term wealth.
FLASH: The Consumerism of the 2000’s … These numbers are astounding … so what happened?? We over spent and under saved and over borrowed and over paid…
NOW … we should under spend and over save and under borrow and under pay. THE GOVERNMENT STEPS IN AND WANTS US TO SPEND AND SAVE. This is about the Economy … NOT our lives!
Click on Historical Perspective 100 Years under the Home Page
Sources: Wells Fargo Home Mortgage, USA Today, TIME Magazine & Mortgage Bankers Assoc.)