Althea D. Taylor

We are living in historical times involving the real estate industry and our economy!

I remember the meltdown of the 80's in the USA. For some it was a time of despair. Homes were going into foreclosure in record numbers. Interest rates skyrocketed at times above 20%! Slums were being formed from foreclosed homes that sometimes stayed vacant for more than a year. The government had such a large inventory of home that had to be packaged to dispose of them. Sounds familiar? With the exception of high interest we are repeating the 80's. We are actually going back to the 80's in such a way of financing homes through gov't loans. It is such a shame to have to readjust in a backwards way after so much progression. The direction of the economy is spiralling backwards (IMO). This is where opportunity steps in! For we have been given foresight. I know that job lost is high, but we are resilient Americans. Where 1 door closes others can be opened. With creative thought, diligence and proper planning we can readjust in a favorable way! Teamwork is a must!

For those who can remember carpooling became a remedy as well as a protest. Real estate is being sold literally pennies on the dollar. Groups are being formed for investment, advice, restructuring, etc... There are always seeds of opportunity no matter what is going on in our lives.

Please post ideas/ remedies for our situation today. No matter how small or great they appear to you, please post them anyway. They will be very significant to many!

Thank you

Althea D. Taylor

Charles M. Taylor Realty (216) 561-2100