Despite what is happening in the market today re: our industry, industry professionals still maintain that home ownership is still the best investment Americans can make. Despite falling prices overall it is still the best investment you can make.
Many homeowners think that wealth accumulation is to re-fi out equity every few years and that way of thinking simply does not work " Taking out cash on constant refinances is not the route to wealth".
As it seems at this very moment, the bail out is going to happen and Wall Street seems to think the same way. We may be a long way off from getting this thing fixed, but it appears as of now, that the powers that be seem to think its going to happen.
What that means to people like us is this - more waiting. Waiting this thing out, if possible, should end up paying off.
Sure many of you may disagree and rightfully so, but if the trend on Wall Street proves to be correct, we may just very well be on our way - Our way out of this mess.
We can all hope!
Thanks for reading
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