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Banks, bailouts and burnout

In a recent blog I shared that I don’t believe we have a serious real estate problem; we have a banking problem. This week has certainly confirmed that.These are turbulent times indeed and nobody has a crystal ball. However…the world’s greatest investor just bought $5B of Goldman Sachs stock – which is why he is the world’s greatest. He was buying when everyone was bailing.

How this whole government bailout program works out is anybody’s guess but I do know this; people keep having babies, folks are living longer and economics is based on supply and demand. As time goes by excess inventory will be picked up, prices will continue to stabilize and the market will find a new normal.

I can’t control the financial markets and neither can you but I can control my attitude and my activities. So keep the head down working hard. As you keep selling the dream and moving folks into homes, not only will you take care of your own income, you’ll be contributing to the greater good. Let’s see what this week brings. And take it one day at a time.

It’s a good life!

Brian

 

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