Real Estate History Lessons...

Given the recent turmoil in the financial markets, I really appreciate the wisdom of those older & wiser than myself.

I've been talking to some of those older and wiser real estate agents and mortgage brokers in the Dallas area who've reminded me of the crises of the past and how they've survived.

While I wasn't in the real estate business at the time, I remember my parents talking about the overbuilt commercial market in Dallas in the 1970's and the oil crisis.

I remember the S & L crisis of the 80's and how many people we knew lost everything what we called the "real estate crash" of the 80's here.

Every 10 yrs or so, there is a crisis of some sort, and fortunately, life continues to go on.

I don't want to minimize the current crisis, and I won't brag that my business is great. But I do believe the system is working.

Mortgage money is still available. People will continue to buy and sell houses.

Most of all, perhaps this is the wake-up call to all of us to pay down debt and save up more...

Ultimately, I believe we will all survive and thrive!