I’ll tell you where we can go… (Then I’ll tell you where you can go)
There are typically two ways that we can go and in our collective case we have been heading one way at full steam ahead for a while. Just look at the traditional media (bastards, fist raised in anger!) and you can tell that they are even getting tired of reporting on the car crash of the economy. Take for instance my favorite morning show that I love to hate, Good Morning America. This show exmplifies that which is wrong with the media. A typical morning is full of what is wrong with your life and how they can try to show you a glimmer of what you might possibly be able to do to make it seem better, while they sit in their ivory tower. Thanks Diane. But really, once you start to see the media get tired of reporting on something they start to try to find something that doesn’t depress themselves.
Its happening! Even though people are scared and nervous about where the stock market is heading, the banks, getting a loan and home prices they are starting to come out and realize that now is a good time to buy. What could be causing this? Its the media making everyone excited about Obama and his change (I’m quite sure he’ll be paying my mortgage) and just their general demeanor making the move to being positive.
At this time I think its about time that we all start to think about what it truly means to be at the bottom. In my book (reaching store shelves after I begin writing it) it means that you aren’t going lower. Well, the bargain hunters are out. If you take a look at the housing industry and the traffic to home builders during 2008 you can see that the year sucked.
If you start to look at what is happening on a daily basis you can start to see some interesting traffic coming along. I’m sure that some of it has to do with interest rates but I have to believe that some part of it is the change in perception toward the belief that now is the time to buy.
If that doesn’t look interesting to you then I don’t know what to say. From here we will have to see if this will change into a longer lasting trend.