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Published on MyClaySun.com (http://myclaysun.com)

Is a Bad Economy Good?

By ex-oficio
Created Nov 5 2007 - 10:31am

In reading weekend news and letters to the editor and this mornings blogs and comments, I have to wonder if all things bad in real estate may be good for us numb-skulls in blog land. In the past 50 years I have seen many cycles of boom and bust in Fl. real estate markets. Most busts followed a huge over-build saturating the market. The growth may be over for the for-seeable futureSmile

 What's different this time is the economic indicators. Interest rates are still relatively low compaired to other bad times, and many other indicators are not that bad either. The most recent boom coupled with the cheapest money in recent history, and a government run by the growth industry may have so over-built (to a market that doesn't exist), that we are going to be faced with an industry so desperate that we haven't seen anything yet. As always the citizen's will likely be left holding The "Tab".If the growth doess stop for an extended period of time will our money go towards catching up on infrastructure, or subsidizing an industry's mistake? Every candidate on every ballot who has limited financial backing deserves a second look. When we see fancy professional brocheures and beautiful signs,, Beware of what that candidate may cost you if elected


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