Escalating oil prices have helped to wreak havoc with our economy. From the cost of gas at the pumps to the cost of goods and services, Americans have seen a huge jump in the cost of living expense.
However, there should be some reprieve around the corner.The high prices have resulted in a tightening of the belt and thereby forcing the price of oil down, down below $70 per barrel. Americans and others around the world who are oil dependent have taken drastic measures to cut back in the wake of global financial challenges. 
This bodes well in the short term as we should not only see the average price of gas around $3.08 per gallon and perhaps lower, but also better price points on goods and services, including winter heating bills. With reductions in the cost of living and 
improvements in the credit market, the economy can begin the upward climb out of volatility and instability. Improvements in consumer confidence will give rise to more real estate investments. Which is good for both short term and long term economic stability, on the individual as well as national level.
There is another benefit to low prices per barrel of crude oil; American security from foreign terroristic threats.Countires like Iran, Venezuela and Russia who have had dalliances with aggressive rhetoric and in some cases foreign occupation, depend upon oil revenues to fuel their armies and their foreign aggressions. According to an article in The New York Times, most of these aggressors need upwards of $70 per barrel to realize the necessary profits needed to perpetrate their deeds.
So, if you were on the fence about real estate investments at this time, you may want to act before the economy takes the next curve.
I was reading the Opinion Page of The New York Times today and came across an opinion entitled Buy American. I Am and low and behold it was penned by none other than Warren Buffett. Clearly Mr. Buffett was referencing the purchase of stocks, given the condition of the economy and the rock bottom prices on shares.
The most salient point for me was; A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation's many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
I am reminded of the "good old days",when all you had to do was place a property on the market and watch the feeding frenzy. Those days are gone and from an investors vantage point that was not the time to buy. With multiple offers escalating the final purchase price, the buyer had anything but a good deal. How different it is today. With relatively low interest rates (single digits still) and unbelievably low price points, those looking to cash in on the real estate market need to be buying in America now. Europeans, Asians and South Americans are now buying American real estate in large quantities, why aren't Americans taking advantage of the opportunities. Invariably values will rise and those holding real estate will realize handsome profits.The question is will you be one of them? Will you be amongst the ranks of those like Mr. Buffett, who know a good deal when they see it?
The venue is the Steeplechase Cancer Center at the Somerset Medical Center for a 
inspirational and informative session. On October 21, 2008 Beverly kirkhart, celebrated motivational speaker and Co-author of Chicken Soup for the Surviving Soul and author of My Healing Companion, will be a guest speaker as part of the Somerset Medical Center's fall calendar of events. Ms. Kirkhart will offer tips on surviving the challenges of today. Sign in begins at 6:30 p.m. and the program runs 7 to 8:30 p.m.
From Carnegie Melon University, LaMama in New York's Greenwich Village, off broadway and now Plainfield's United Church of Christ for Godspell's Plainfield debut in November.
Godspell is a musical written by Stephen Schwartz and John-Michael Tebelak. The basis of the play is taken from the Gospel of Matthew. The musical play is enriched with traditional hymns.
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Bill specializes in residential and income producing new construction, resales, short sales and foreclosure properties in Union, Essex, Somerset and Middlesex counties.
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