Well it had to happen sooner or later.
I am not going to hash out what the press has been saying, suffice it to say that the seriousness of the situation should give all pause to think. Reno, Sparks, Northern Nevada and our entire state have been affected for the last 2.5 years by the greed that entered the financial markets in the early part of this decade. Forbes just did a nice short and to the point piece on what has happened.
Is it time to panic? Actually, it's really not.
People need to go on with their lives, yes, saving would be a good idea, spending less than you make and putting off a few trips to the mall to shop for what you do not need is also a good idea. As bad as Wall Street has treated the American public there is still a lot right and our basic functioning economy is moving along, albeit slowly we are not negative.
Positive thoughts are very helpful in these situations and dreaming up the worst is not going to help anyone.
From my perspective this week I have been very busy on Thursday, Friday and today as I write this portion of the blog. I am showing properties and I expect two offers before the weekend is over.
Buyers are buying and homes are selling.
We are a strong country and lets put our backs into this and think clearly with a bit less emotion and work for our future.
Heck, we have two days left of summer, get out and enjoy yourself!
Saturday, September 20, 2008
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