National Economic Woes will impact Simi Valley Real Estate
I am posting two clips from youtube. This first clip was from January 39th and the second is from May 6th; this should cause all great concern. The housing market is not going to recover anytime soon. Our national economy and our state economy are in serious trouble. Our banking system is at the heart of the matter and our banking system is what provides the cash to fuel the loans for people to buy homes. While I am bearish about our housing market, it is better to be realistic and not tabloidistic when talking about how to plan for the next home purchase or home sale. I see way too much false hype from my industry and the local news about Simi Valley homes for sale. Simi Valley Real Estate will recover, but this is going to be a long process and when we get to a balanced/stabilized market I hope that the system is changed to keep the nonsense of 5 years ago from ever happening again.
I posted an anonymous story sent to me via email on my Facebook public page (Ted Mackel Simi Valley Real Estate Guy on Facebook), I am not sure who wrote it, but it is a simple way to understand the mess we are in. If you know the author please pass it on to me so I can give proper credit.
Now 3 months later the same old story:
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