CNNMoney posted an article titled "Housing Market Diagnosis: Bipolar". This got me to thinking about treating the housing market like an illness, let me explain...
ADD Housing Market - this means that people are buying, selling, buying, selling... never sure what they want to do. You know the feeling, you decide to become a homeowner, then the second you sign the paperwork, yikes...what have I done? Fix a few things, and put on the market, hoping to make a fortune! Once sold, you buy again, never really making the fortune you were hoping for, or saw on TV with Armondo Montelongo.
Clinical Depression - Ya, you know it's time for a change. Like Goldie Lox, your current home is too small, too big, or just not right! When you think about what to do, the endless options are exhausting, so you retreat...hoping that by some miracle, the perfect opportunity will knock on your door.
Bipolar - the market is up, then down, then up again, then down again. This is what happens when you listen to the 24 hour news stations. The market conditions for every area is different. If the reporter is from California, the housing market is terrible, down another percentage...if the reporter is from Michigan, then the market is on the rise. Hearing all of this can make you crazy. Are we up, or are we down? Who the heck knows!
But what does all this mean??? Is Glaxo-Smith-Kline working on a miracle drug that we can put in our water system that will mellow us out, and see the housing market for what it is...an always evolving system. Lets face it, we are human beings, we have grown accustomed to a door to keep out strangers, a roof over our head to keep the rain out, and yes, even a yard for us to complain about when the grass is too long, or the water bill is too high because of the sprinklers... Until the day that we no longer require these things, houses will be needed!
Stop watching the 24/7 news stations! If you are curious, contact a local agent and get the information that applies to you, not the other 307,000,000 US residence. Really, what matters is your city, neighborhood, house!
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