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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wowzer who wrote (233692)12/22/2009 10:04:32 AM
From: John VosillaRead Replies (2) of 306849
 
'You guys need to get out a little. I get on this thread and read about how the world is ending no one can afford anything so then I go out expecting great deals and empty stores only to find my self fighting for a damn park and waiting in lines. Went to Olive Garden last Tuesday (don't ask) at 6pm...there was a 1 1/2 hour wait!! What the hell I thought we were all sitting at home or under an under pass.'

True and airlines are packed too. Yes real estate and related bick ticket items are in depression, major purchases are being held off and we are probably in an 'L' for the next year or two but everybody has known this for a long time. I did my permabear thing for well over four years on housing and it's impact on society. Now I find myself counseling not only the bubblehead real estate investors from the bubble who are now broke but also the tea party crowd and housing permabears still here... Timing is everything and opportunities are greatest in down times but hey there is always SRS, gold and guns for those who think otherwise.
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