credit score ben stein

Real Estate Market: Fear and Loathing on Main Street

Something strange happened on the way to write this column. Ferris Bueller teach Economics maturity.

Even scary, I agree with the position of Ben Stein in his New York Times August 8 pieces. Chicken Little was wrong. The sky is not falling. And healthy financial adjustments are made on Wall Street on Main Street.

But I take the principle of Stein shortly.

While Stein gives the correction stock market in large part to subprime mortgage fears and panic exacerbated by the media, the housing market also behaves petulant.

Despite the reductions in recent years, no one is buying. Investors are sitting on the fence. media gurus, Looking for solid angles with the budget editorial meetings jumping on the story of an alleged real estate market collapsed, so that what actually happens is probably closer to a healthy correction branch.

Consolidation is good for business. He weeds the marginal tax evaders wanna-bes Companies. Excess indebtedness. The real estate and stock markets again – at a leisurely pace and sustainable. And we'll all be better.

Remember these lines generous offerings equity? Gone.

What about getting a mortgage with a lower credit rating 600? Not a chance.

exotic instruments mortgage that do not verify the income of the buyer? Let them go.

Greed lack of a better word, is human nature. So is avoidance. Impact be condemned. And we are all guilty.

A glance at the titles of Condo Vultures LLC summarizes the general panic. If there is a positive report, I have not seen.

Average life in heaven or hell in the world. Investors and financial institutions that serve them, have sword of Damocles over their heads. Not that he deserves some consternation. It is.

So, now that self-flagellation is complete, it must suck and return to reality.

When the devaluation of the dollar begins to rise, already too late for foreign buyers in Tokyo or the United Kingdom seeking a good acquisition in the United States.

I think the same is true of real estate. When the market starts to turn, the equity will be left on table for buyers in search of money still smaller.

If you play the stock market or real estate, the price of a buyer's market good, and not if the perfect moment to attack.

About the Author

John T. Fakler is the Executive Editor of Condo Vultures LLC . His weekly column appears every Wednesday. He can be reached at JFakler@CondoVultures.com. Mr. Fakler is an award-winning business journalist with more than 12 years experience covering public companies, law and corporate governance. He is currently a media relations consultant with Media Logistics LLC in Coconut Creek, FL.