Two years ago we were staring at the beginnings of a financial crisis. Credit was clogged up, home values were sliding and the government was mulling over ways that they could intervene. They wanted to save everyone…
I had opinions then, and I have opinions now.
Oddly, we are still facing many of the same issues, and we are still looking to the future when there are supposed to be even more foreclosures and ill effects.
Take a look back and see what the way forward looked like then…
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I'd love to hear from you...
Hi Lane,
It will be interesting noteworthy to see what 2010 spells for the real estate market. We used to accuse the press of being too negative. Gosh, that changed. Now we have have headlines like " Good News for the housing Market, Foreclosures are slowing for the holidays" Isn't that special. And shouldn't that build confidence. And with the rate of unemployment slowing , what more could we ask for.
Lane- You make a great point. In 2005 this thing was visible on the horizon and became steadily worse over the next few years. To me, 2010 may show some little improvements, but will not be a turnaround year. I think the media may be teling some lies in order to bolster their position.
It's pretty clear that we have gone from bad to worse. People who are expecting to see things turn around anytime soon will be VERY disappointed!
Lane, I am not optimistic for 2010. We are still seeing unemployment on a steady stream. New jobs are not being created. Our country is becoming less and less innovative just trying to hang on by our finger nails.
I'll be interested to see how the Christmas season sales went. If the truth is actually published. From the signs I saw locally, people had scaled back considerably.
Thanks for the comments. It is always interesting to see what we thought of something looking forward when we can now see it looking back.