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David Arrona

Are people not buying real estate because the world is ending tomorrow?

05-20-11
David Arrona

I hope that because Harold Camping's predicition that the world will be ending May 21, 2011 isn't damaging the real estate industry. I guess we will see what happens over the next day. On one hand, you would think that people would be living it up, buying all the luxuries in life to make the most of their last few days on earth, buying houses with jacuzzis and Porsches. On the other hand, you might have people that may think they can survive it but want to hang onto the cash they have on hand. I would hope that if they did go to the cash hording mentality that they withdrew money from their respective bank in time as the banking industry could possibly be shut down after such a horrific event...

So I guess we will just have to wait it out and see... We could see a real estate turn around come Sunday May 22, 2011 if we are all still here. I'm going to go with my insticts on this one and say that I will see you on Sunday.