In Your Opinion, The Economy Is...

I jest know that it,s going to get better becusess every day is a new day!

I believe the economy is starting to improve. Home sales in the Midwest are beginning to increase and people are beginning to have a confidence about the economy. When I go shopping on the weekend, I can not belive how crowded ths stores are from a grocery store to the local Wal-Mart. Believe and Achieve! - Joe

confidence is one thing, but people are still losing jobs and now they say that the GOOD credit homeowners are starting a new wave of foreclosures because of the loss in jobs that has yet to stop. Is it as bas as maybe 6 months ago?? I only hear people talking about it less but i'm still noticing people and healthcare, who is seldom affected by the economy is taking a hit too...so i'd say for sure it's still in the down cycle.

I see still alot of homes with FSBO on it. People are desparate. Sopping smart, bt troubled. The other day I was on foreclosre.com, and couldn't believe the amount of homes in my town I grew up with on the list! I see alot of business going under. Especially the small town shopping area like Red Bank,NJ. Alot of car dealerships are gone. I don't feel we have hit total bottom yet. People are spending money but they are spending only for what is needed.

were down this week... the stock market is stabilizing. People are still hurting, no doubt, but it feels like the worst of it is over. I think jobs and credit are the two things that will best indicate were we are from here.

DEAN,YOU SHARED WITH US YOUR PERSONAL ORDEAL.YOU SPOKE WITH A STRENGTH OF WILL;I FEEL EACH US HAS THIS IN OUR VERY SOUL. AS AMERICANS ,WHEN FACED WITH CHALLENGES. GOD HAS BLESSED US WITH SO MUCH,I JUST CAN'T BUY INTO THE GLOOM AND DOOM MIND SET.OUR NATION WILL CONTINUE TO MOVE FORWARD.

I think the economy is still declining. The rate of unemployment claims reduced but the number of total unemployed is continuing to increse. Unemployment is at around 9.4%, the highest in over thirty years. Businesses are closing at an alarming rate. The stimulus money was not put in the hands of the public who could stimulate the economy. Consumer confidence is down. The only program that I see working is the tax benifit to first time home buyers. All the talk is about raising taxes, raising fuel prices and increasing interest rates. All of these are going to have a negitive effect on the economy.

The recession will end in about 6 to 9 months.

With the feds printing so much money, it is a sure bet that inflation or hyperinflation is just around the corner. It would be a good idea to buy yourselves a little gold or silver just in case. Real estate will also be a great hedge against this but it is not as easy to sell to put food on your table. Don't want to be doom and gloom but why not be ready? Buy some silver dimes and put them in your sock drawer. We all have insurance for our health, home, car. Why not insure against the possibility of hyperinflation as well? I would also suggest that if you have any adjustable rate mortgages you get to a fixed rate ASAP. I just refinanced my personal res at 4.875% with no points.

I think the market is stabilizing ,also by the ending to the year we will to to move forward.

I am starting to see a pick up at our home improvement centers around our area. Which our area has been hit very hard with job losses. So I believe the economy is starting to slowly improve but I still think it will take quite some time to fully recover. which leave time to still get great deal's in real estate.

The individual psyche, your personal thoughts and feelings about the economy - drive the economy. If you are frozen in fear, hoarding, scratching and scrambling than your economy suffers and the overall economy reflects that same state (That's what the Doom & Gloom news will do to you ).

Example: Have you ever driven on a highway, traffic was super-slow ( maybe 35 - 40 mph ) and you said " boy, there must be a bad accident up ahead " ? Everyone else driving there must have shared those thoughts,.....only to drive a few more miles to find no trouble, no catastrophe. At that point traffic just resumes 60 - 65 mph.

That is where we are right now! We can all resume moving forward @ 65 mph,....if we each just drive!!

p.s. We can even build and travel on the " Autobahns ", that our minds allow.

Happy Motoring,

Mark

http://en.wikipedia.org/wiki/German_Autobahns

Reality: It's getting worse. Unemployment, debt, and government spending all going up. Too many Americans believe the government will solve the problem. Not gonna happen, they will prolong and make it worse (as they are doing right now). These are the same people who got us into this mess, and now you expect them to get us out?

Perception: At the same time, the opportunity is getting better. That's what people here have in common, we're opportunity seekers looking for solutions to the problem. Only when Americans take responsibility, and solve the problems ourselves, will the economy recover. Every deal you and I make that solves a problem gets us farther down the road to recovery. The more people focus on solutions rather than problems, the faster we will recover.

But, don't kid yourself... the more we depend on government solutions to turn the economy around, the longer it will take. And right now, the ship is cruising "all engines ahead at full steam" in the wrong direction. Recognize that, and factor it into your purchase offers, and don't expect real estate value to rise anytime soon. But, eventually, we will turn the ship around and the economy will recover. In the meantime, people have to have a place to live whether they rent or own. Our job is to reallocate the assets to everyone's best advantage. Let's roll!

Greetings to All.....

Since I have gotten Dean's books,I feel so empowered. I was wondering if anyone in the Atlanta area is looking to purchase property that cash flows/instant equity? Please respond.

Thanks

Teresa

It's hard to figure if we are at the bottom or not. All that I hear about healthcare and unemployment make me wonder. What will be the affect of all the car dealerships being closed? Will there be a domino effect related to the GM bankruptcy? How about all of the employees who work for the glass companies, tire companies, battery companies and so on? This could certainly lead to more financial heartache. We hope this is the bottom but it certainly isn't clear to me that it is. Sorry for all the doom and gloom.

IN MY OPION WE GOT A FED GOV. WAY OVERSPENDING , THEY WANT TO DO ALL THESE SOCIAL SERVICES TAKE OVER BANKS , AUTOS, LOOK AT GM FOR A EXAMPLE WE GAVE WHAT OVER 20 BILLION TO SURVIVE, THEY STILL WENT BANKRUPT ,SHOULD HAVE LET THEM DO BEFORE THE THE AIRLINES DID MTHEY SURVIVED FOR A NOTHER DAY.

IM SEEING ALOT OF FREEDOMS GOING OUT THE WINDOWS NOW ,THIS IS'NT THE AMERICA I GREW UP IN AND READ ABOUT IN MY HYSTORY BOOKS ,OH I FORGOT THEY DONT TEACH HYSTORY ANYMORE IN SCHOOLS!!!

We are still on a downward economy. Companies/Government offices continue to lay off employees. Short sales, foreclosures, auctions continue to go up though it slowly going up because I can see it on my stocks my 403b and 401K slowly going up depending on you diversity strategy. Thanks...dom

My husband and I have been lucky - both employed with no layoffs, though yesterday we just got word that our monthly health insurance premiums that we pay 100% of are going up next month by over $100 a month. That's on top of the already high premium we've been paying through my job. We're now looking at even more ways we can cut back while at the same time looking once again to get ourselves into real estate on a part time basis--then one day full time.

But then I see people like the woman I ride the train with whose husband was laid off when the Chrysler plant he worked for closed. Yesterday they received word it's opening back up...until mid-July when it will close again for a month but likely forever because it was one already slated to close at the end of 2010.

In my eyes, the economy is still bad, with glimmers of improvement, but then I sometimes see still more bad to come. I'm a realist so I like to stay positive while at the same time knowing what the reality is, and then working toward better times.

Best of luck to all!

Nancy D.

I read all of your replys and they do make sense,The onething i have noticed about the current down turn is...Nobody has an answer to when it will go away!I am going to type something just in case you have not heard it yet.
Some say that the depression of the 30's was in fact,Two back to back recessions.I truly believe when we do spike upward and find a common ground in our economy...You will be surprised how serious it really became.
Sept.08 the banks failed(Never in my crazy dreams would i even dream something like that)

WE will make it/your friend

Our economy has been on the decline the last 8 years. Hopefully, if we all do our part, we will continue to improve in many ways. Even if that means continuing to push the rock one day at a time. (DG'S newsletter) We gotta believe it is and will continue to get better.
Denise

There will never be another time like this one where our gained knowledge form Dean along with our own desire for a more secure future,can do so much, and help so many. Press on gang, press on...

Unfortunately our Country is going to go through extreme inflationary times. How can it not? The Government just prints more and more money. Thus devaluing the dollar. China will some day stop buying our dept. So the question becomes What are some of the Real estate strategies we can use during inflation? What will happen to the Real Estate market during inflation. How can we as investors guard against such times? What are the pros and cons of high inflation?

It has been six months since we last visited this topic. How do you feel the economy is doing now?