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Thank you Warren, but don’t we have to fix our economy first?

By Todd Clark (Broker/Sales Coach) 503-524-9494

housing market by svilen001Warren Buffet says the housing market will start to recover by 2011. That is when he predicts demand will catch up with supply, but I have a question. Warren, don’t we have to fix the economy first? Over the past year we have watched the deficit explode to a record high, unemployment has skyrocketed to over 10% in most areas, and then lending has all but become impossible to obtain.

So, how is the housing market going to improve if more and more foreclosures are coming on to the market, unemployment has no sign of slowing, and the deficit continues to rise? Does this signal a change in the real estate market?

I hope you are right because my livelihood is a stake as a real estate agent, but at the same time, I don’t have a lot of confidence in our government. So far, their solution is to throw money at the problem and not actually let the market correct itself. I think if we actually let business do business and keep the government out of it, we may actually recover. However, I think we are going to see a lot more situations like the ones we have with GM and IMB right now, where they are basically government owned.

So, Warren, what are the indicators you are using to determine that we are about to recover? Inquiring minds want to know.




Todd Clark - Broker / Sales Coach
All Brokers Real Estate
Phone: (503)524-9494
Fax: (503)622-8739

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©2010Todd Clark - Originally posted at Thank you Warren, but don’t we have to fix our economy first?


Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)622-8739

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard.
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