Are rates gonna stay down? Is the economy about to recover? Are we in a recovery now? Are real estate prices at the bottom? Will Lassie find Timmy in time? I have the answers for you tonight. No, really, stop laughin’.
Here’s the only answer you can take to the bank — so to speak. 
Lassie will find Timmy in time. It’s a lock. Count on it. It’ll happen.
Rates? I’m pretty firm in my belief we have from now ’till sometime between next August and the first quarter of 2011. That’s our window based on facts in evidence, discussed here recently. Is it as much of a slam dunk as Lassie and Timmy? Gimme a break, OK? Windows open and windows close. Your magic dust is no doubt as effective as mine.
Economic recovery? What with all the talk about a ‘jobless recovery’ (an oxymoronic phrase if ever there was one), I’ll leave when it actually begins to the talkin’ heads on the boob tube. The only editorial comment I have for you is that a jobless recovery has the flavor of a great steak — but boiled instead of broiled or grilled. You’re not starving any more, but you’ve had better steak at Sizzler’s on a bad night.
The real recovery comes when people in very large numbers start going back to work. Anything else is a buncha numbers on a chart emblematic of not much.
Is Real Estate scrappin’ the bottom? Depends where yer lookin’, right? Ask a San Diego real estate investor and you’ll get a scowl. Go to much of Florida, Arizona, and Nevada and you’ll likely generate derisive laughter. But there are growth regions where prices have either dropped less than 5% the last 12 months, or actually risen. Places where rents are goin’ up while vacancy rates are goin’ down. Who’da thunk?
Rates this low are here for awhile — solid, common sense investments are available to the discerning investor — and recovery, whenever it graces us with its presence, will make the folks who made their moves sooner rather than later, look pretty dang prescient.
Call me for info on solid properties in growth regions. 619 889-7100 — or just email me. We’ll figure out your personal scenario and Plan accordingly. Have a good one.
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Funny about those jobless recoveries. Like the last one the experts are telling us about in 2002. We had unemployment in Florida down at 3.5% by 2004. There will be more jobs. The only question is when. And you know when the experts are all telling us things are great, then you need to start ducking because you know the sh## is going to hit the fan soon!!!!!
This time is the same as always……it just seems to take forever when you are in the doldrums!