Proverbs 20:14 – “Its no good, its no good!” says the buyer; then off he goes and boasts about his purchase.
The economy has been wreaking havoc on on rental owners as well as home owners. The great unwinding of the debt economy and the collapse of available credit has caused job loss, underemployment and a recession psychology causing consumers to pull back, not being sure if they are next to loss work. Afraid of catching a falling knife, prospective buyers are waiting on the sidelines.
The housing industry has been pinging property owners to try and get a sense of the degree of difficulty out there. I wanted to share with you some of what these surveys reveal. Continue reading this post