The David Pressley Group – Blog

Remaining Optimistic in Iffy Times

June 24, 2008 · Leave a Comment

Apparently consumer confidence dropped again this month, at least according to this article, which I must warn you is rife with complicated figures, percentages, and other stuff that hurts your eyes to look at.

But wait. Then there’s this article, which praises the benefits of keeping your faith as an investor. How dare they go and sully my pessimistic viewpoint with something refreshingly contrary! I was just getting stoked on all the negative coverage about the real estate industry and the economy as a whole, then this guy had to go write something positive. My world view is shaken.

For those that aren’t aware, the preceding statements were examples of sarcasm. We need more optimism right now. I mean, they got out of that big hole back in the ’30s… eventually. Right? There’s no way ours could get that bad. That would take something epic, like, I don’t know… the sudden bankruptcy of major investment banks. Or rising costs of oil. Or the breaking of a huge real estate bubble… oh wait.

A little more sarcasm for your digestive enjoyment. But seriously, folks. This thing’s going to bottom out and rebound. So if you’re waiting to see how low the price on that dream home of yours will go… don’t wait too long.

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