I know weve all been shaken dramatically by the double whammy of the stock market dive and the real estate market dive. Worse yet, none of this was our fault we were just playing the Great American Dream the way we were taught. Yet, tens of thousands of dollars have disappeared from our vision of what we thought we were worth.
I have good news for you. This is not the end of times. Most of us will be worth that much, again and more. There have been nine other pronounced real estate declines in the history of this great country and, every time, real estate has bounced back in dramatic fashion. This one will have the same result.
If youre a seller, you hate this market. If youre a buyer, this is the market you dream of. Keep in mind that most sellers will turn around and become buyers so, even their dilemma is not as painful as the headlines suggest. Does it suck to be in this position? Absolutely! But whining doesnt accomplish much. Besides, there is a silver lining to this crisis, so lets have a look at the situation and decide how to proceed: