Stay strong in a tough market
"I guess the Real Estate people are finally getting what they deserve,” said a member of my health club in the locker room this morning. After I got over my immediate reaction to attack him, I said, “Even if the worst occurs with the subprime mortgages and foreclosures it will only affect a small portion of the housing market. And the federal government understands the importance of the Real Estate market on the economy so they’ll find a way to come to the rescue.”
I went on to say, “I really blame the government for loosening the standards on lending.”
It was at this point that I realized that the speaker of the original comment had no interest in my opinion or the truth.
I realize the homeowners, mortgage loan borrowers, and Real Estate Agents that are affected by this lending and housing dilemma are seriously affected. They are mostly innocent victims. Some of whom will not recover for many years.
Those of us in less affected markets and less affected by these problems, let’s be strong advocates for the health of the Real Estate market and its importance in the health of the economy as well as its importance to the vast majority of individual homeowners across our great and free nation.
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