I spend a great deal of my time working with people in the mortgage industry. It's easy to get caught up in the headlines and horror stories of lender upon lender shutting their doors.
One company paid for happy hour and as it ended they sent text messages to all of their employees announcing that they didn't have a job anymore.... Ouch.
I firmly believe that the mortgage and real estate industry faces a couple of challenging years ahead as loan programs reemerge and real estate inventories dissipate.
Sometimes, I forget about the people who all of these market woes will provide a tremendous opportunity!
1 - 1st time buyers.
IF you know you're going to stay in the property for a few years.
2 - Investors
IF you are ready to deal with renters and all the hassles associated for the next four or five years and have some cash reserves.
Your home for common sense investing in today's volatile real estate market.
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