Monday, May 25, 2009

What if you knew . . .

What if you knew, with absolute certainty, that the real estate correction we have seen nationwide thus far has not yet reached the midpoint?

What if you knew that prices would drop an additional 30%+ nationally from today's levels?

What if you knew that the powers that be on both Wall Street and Pennsylvania Avenue were running out of bullets, and that the bandaids they have used thus far simply aren't helping anything?

What if you really, truly wanted to help as many people as possible to not be crushed by this rapidly approaching reality?

What would you do?

How would you do it?

When would you start?

Why?

For many years I have had the privilege of working with some of the greatest real estate minds in N. America. Sad truth is even most of them have been unwilling to acknowledge this simple truth. So here it is, again, REAL ESTATE CORRECTION WILL CONTINUE NATIONWIDE UNTIL AT LEAST 2015, POSSIBLY LONGER. THE BOTTOM WILL THEREFORE OCCUR 6-12 MONTHS THEREAFTER AND WILL EXTEND FOR SEVERAL YEARS PRIOR TO A VERY SLOW AND CAUTIOUS RETURN TO APPRECIATION STARTING AROUND 2022/3.

You can continue to dismiss this, as many have for years. Unfortunately, all of those who have are now significantly worse off financially and more importantly they have harmed many of those they claim to care about, from friends and family to clients. Who are you harming by ignoring reality?