Housing Doom and Gloom...or Opportunity

This is my first entry as a blogger. I'm A#1 a life long surfer and A#2 a real estate broker who's been in the business since 1983 in North San Diego. My market area is Oceanside, Carlsbad, Encinitas, Vista, San Marcos, Escondido, and Fallbrook

There's always been something that has been on the burner for doom and gloomers to mark the end of everything in my business. Interest rates are too high, they are too low, there's inflation, deflation, there's a Republican in office, or a Democrat, or there's too much debt and the list goes on and on.

The fact is every market has periods of being hot or cold as well as periods of running along rather smoothly. Another fact I can bear witness to is that when it's a buyers market most people don't buy because of fear. And that's just when the big money is made. I know at least a half dozen individuals who would be multi-millionaires if they could have overcome their fear during our last recession. All the turmoil in the present market will come to pass just like it always does. It will be interesting to see who steps up to take advantage of the opportunities.

As a participant and observer in the housing market I find it unique this time around that the government and lenders want to find ways to keep homeowners in their houses. There's no argument that it's only to prevent a tidal wave of foreclosures that could drag the world into a depression. From a personal viewpoint and as one who believes in and sells the American Dream...it is a very sad experience to go into an empty foreclosed house knowing that a family of my fellow Americans had their dreams shattered.