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An Exercise of Power

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Jack Lane

 
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Monday, February 23, 2009

The future of real estate in Northern Michigan

Other Opinions Jack Lane I know we’ve 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 you’re a seller, you hate this market. If you’re 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 doesn’t accomplish much. Besides, there is a silver lining to this “crisis,” so let’s have a look at the situation and decide how to proceed:
 
 
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