OfflineNow that the first half of 2011 is just about behind us, economists are now predicting a better second half. These are the same economists who have predicted 12 of the last 3 recoveries. In other words, they don't have a clue. If they keep saying it every quarter, sooner or later they will be right. A broken clock is still right twice a day!!
Macro-economic studies aside, be careful out there because our economy is so fragile that an unknown catastrophehe could really put our stabilization process in jeopardy. Another Katrina, a CA earthquake, or an act of terrorism has a larger impact when the economy is already weak. (Just look at Japan and their economy since the tsunami)
Money can certainly be made but be smart.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Bill,
just by reading the title of this post, I knew you were behind it. The economists are starting to sound like our weatherpeople over here... rain is predicted for tomorrow... I think they keep throwing in their guesses and hoping that they will get it right some time...
Here in Cali things don't look like they are getting any better anytime soon... but one thing a DG coach told us at a workshop... everyone needs a place to live in.
wishing everyone success,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
I agree with the coach's comment but in this environment, their place to live is often another relative in their house, a 300 unit apartment complex, or the homeless shelter. Unemployment is changing the game because you still need to have a GOOD paying job to be free to choose your home.
Always Looking to Acquire Houses | Always Looking to Amaze Investors