Can you describe what you think would be happening in America right now if the real estate and stock markets had not dropped? In other words, if things simply continued on as if the world today was like the spring that led up to the summer of 2005.
I sold some real estate in summer 2005, and bought some more. Selling was easy and prices were high. Buying was very difficult and prices were very high.
My guess is that Obama would still have won but that Congress would have a lot more Republicans. We would be heading into the spring buying frenzy in real estate with Boomers increasing their ownership of second homes and or retirement properties.
I think gas prices would have leveled off despite strong world economies. Western Europe, Russia, and China would be more dominate on the world stage and then I thought... wait a minute. It could not have continued. The leveraged financial instruments, the housing prices, the credit markets, the stock markets on steroid-like liquidity pills, and all the rest. It could not continue and it didn't.
What's your take?
I sold some real estate in summer 2005, and bought some more. Selling was easy and prices were high. Buying was very difficult and prices were very high.
My guess is that Obama would still have won but that Congress would have a lot more Republicans. We would be heading into the spring buying frenzy in real estate with Boomers increasing their ownership of second homes and or retirement properties.
I think gas prices would have leveled off despite strong world economies. Western Europe, Russia, and China would be more dominate on the world stage and then I thought... wait a minute. It could not have continued. The leveraged financial instruments, the housing prices, the credit markets, the stock markets on steroid-like liquidity pills, and all the rest. It could not continue and it didn't.
What's your take?