Jen’s Comments (group member since Aug 25, 2007)

Jen’s comments from the Is this a world wide monetary collapse? group.

The media...they like to brainwash us with their constant "hot topics" and they like to include the entire nation as a whole. I have to admit, I sometimes get brainwashed with certain topics too...and it still doesn't stop me from reading the newpapers or watching the news. "The Bubble Has Burst," "Real Estate taking a Down Turn," and On and On. It has been building up during the past few years: "Is the real estate bubble going to burst?" and "Will the bubble burst right after you buy?" and "Protect yourself now while you can."

"Protect yourself now while you can"? This is making it sound like a natural distaster - take your family and run! It makes me feel like I need to take shelter in my basement, stock up on water, canned food, and flashlights. Yes, this sounds scary, but how many people are reading these news reports and honestly asking themselves - Is this really what is going on in my town, city, state?? There is some truth in what the media was saying, everything has it's ups and downs..but the market goes down, with interest rates at historic lows?

Being in the middle of the real estate market myself for many years, I have cloesly watched the ups and down in my own neighborhood as well as nationally. I am okay with a roller coaster effect and don't expect everything to be roses or on the "high" all the time. I am ready to weather the storm, to do what I enjoy to do. What goes up, must come down...but I would urge buyers to really do some numbers, instead of just listening to the media.

Some people may think that the interest rates are at 10%, because they are not doing the research. This is a good time to buy: there are HUGE, FABULOUS deals right now, with a HUGE inventory to choose from. Interest rates are still marvelous, and they aren't going to go down too much, if at all. Homes are priced a bit lower now, so even if you have to pay a half of percent higher on a mortgage, you are going to at least even out with a great deal. I see it as an all around WIN-WIN situation.