As my first blog of 2009, I want to remind my readers that I am not a blogger; but a "blurber"
A blurber is someone who does 3-5 sentences of personal thoughts. I for one do not feel that people have the time to read drawn out, long winded blogs. so I have decided to keep it simple this year. now that I have this subject out of the way enjoy the rest of my "Blurb"
Welcome Back Kotter was always one of my favorite shows Growing up....so when I saw this it really reminded me of a more innocent time when I was growing up in North Texas in The 1970's.
However in the mid 1970's in the US at that time it was a high interest-ville! We are talking interest rates as high as 19% or more. In my humble opinion, I see history repeating itself again with stagflation. on the way
Billionaires are becoming millionaires - Times are tough!
2009 could be a great year for business opportunities; I am confident of the year coming and look forward to the challenges and like any other year will give it my best effort. With that being said, I feel our nation is suffering from Ferrari-syndrome: When things are going well you think they are going to last forever; spend, spend, spend...bigger and better and keeping up with the Jones is the motto of the day. Suddenly the business atmosphere changes and cutbacks are necessary you need to adjust accordingly to survive, but we don't. That is when problems become overwhelming and some people just flat give up.
Don't give up! 2009 is going to be a great year!
Hi Steve: I totally agree. But I had to laugh when you wrote "Billionaires are now becoming Millionaires". Poor things! The faster people adjust to the reality of the situation now, the more likely it is that they will survive and get through this in one piece. Thanks for the thought provoking post.
But even with 19% rates... real estate still sold... I can remember at least 5 years when the mantra was "if rates just get down to 12% we can really sell some real estate"
I think I am a "blurber" too, I love the short sweet to the point blogs that get it done efficiently!
As for rates, I remember seeing 21% back then and yes, we did still sell, because as realtors do we were creative and it worked!!
Steve, I am going to be a blurber too and totally agree with you!
In 2009, the key is to be prudent, watch your spending habits, decrease your liabilities and increase your savings.
I agree, 2009, IS going to be a great year!
Michele: your welcome. stop by again.
leolinda: you hit the nail right on the head. that's the way to win!
caren: I see investors buying quickly because these curent interest rates WILL NOT last!
perrin: this reality will always exist. people will always need a place to live, and will even pay huge interest rates to get what they want. Look at credit card interest rates for example.
updated
Big Steve, great post, as usual, and good points to follow!
2009 has already proven to start great. Busier than ever, with short sales, foreclosures and trying to get price reductions. So let's close some sales and take advantage of these great interest rates!
thanks for stopping by Frank & Kay! lets have a great 2009~