At Least I'm Not A Builder!

For a brief time during the “run up” my husband and I considered buying a lot and building a spec home. We had recently had a successful investment experience and were feeling sassy and confident (ok that was me, my husband was willing to appease me) in the effort to create our own reality.

Of course we didn’t know that the run-up would be shut down by such a stomach flipping (think roller coaster) drop which happened (in my area anyway) at the end of July 2007.

Yes. I know the month. Exactly.

It was as if someone threw a switch. Home Sales….OFF

I’m an eternal optimist though and strive to find the positive in any situation. So it was this week as I found myself being extremely grateful that we did not pursue that building project.

‘Cause I sure wouldn’t want to be a builder right now.

This week the Commerce department announced housing starts for the month of January were the lowest since 1959. That report followed on the heels of a presentation at the Olympia Master Builder’s meeting where the president of New Home Trends, Inc of Bothell delivered the sobering news that many of them may not be in business by the end of the year.

….the one statement that got everyone’s attention was a prediction that the slower real estate market will result in 70 percent of small builders in the region going out of business by the end of 2009

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