The media is really good at grabbing us with dire negative predictions whether it is in real estate, oil prices, stock market moves, the weather or what have you. Locally we are not immune to the trouble that faces others in the real estate market, or anything else for that matter, but we need to consider the following.
First and foremost who said life should always be easy and a big picnic….ok I just had to get the philosophical stuff out first. In the nearly 30 years that I have lived in this area the majority of the time, year in and year out, real estate sales have boomed, there has been steadily rising price appreciation on property, or at least value has held, and there has always been strong demand for our up-north escape lifestyle.
Not only do we have a great supply of real estate to choose from but we have more financial products available at our disposal today than we have had in history. So you might be saying that is why we have sub-prime mortgage problems, truth is approximately 1% of borrowers are affected by the sub-prime situation. Call any local lender and ask them if they are bullish on our local real estate market; tell them I put you up to it! Don’t expect any “dire predictions”.
Yuk, Mother Nature teased us with a little snow last week and yet I know we need it for winter tourism. Make it a great week; for the fun of it since I am going away over Thanksgiving why don’t you call Amanda and give her some good advice on how I might improve my BLOG. Be gentle! Happy Thanksgiving to everyone………
Life is Good….Enjoy!
Gary A. Nathan and Amanda Mavis
