The Language of Letting Go

There’s no gentle way to say this. The real estate market sucks. It will continue to suck for quite some time. It may never return to the stupid levels it saw at its peak in some people’s lifetime. More people will lose their homes and many will remain upside down. There are enough houses in the nation’s inventory to last nearly a decade. So, theoretically, no more houses need to be built for ten years. This isn’t opinion. It’s fact.

Now, do me a favor. Go back and read the first paragraph out loud. Finished? Good. If you’re not feelin’ it, do it again. Do it as many times as you need to in order to accept those facts. Because the sooner we all do this collectively, the sooner the dead, smelly albatross known as the housing market will fall from our collective neck and allow us to move forward. Once the rest of the national financial psyche decouples from the real estate market, things will get better.

Check out this awesome chart of housing starts during various recessions.

Yes. The current squiggle (ours) is the worst. Is there good news? Yes. It’s bumping along the bottom. It might not be going up. But it’s not going down as quickly as it did at the onset. Here’s a chart on housing permits.

Still pretty freakin’ dismal. But so what? We know these things. But unless you can fly around the earth like Superman and make it spin backwards, thus turning back time, just let it go. James Altucher, one of the greatest bloggers out there PERIOD (check him out at http://jamesaltucher.com), put it this way: “There’s $15 trillion dollars in our economy, recession or no recession. Its falling like snow. Reach out with your tongue and taste it.” True dat.

Read more: http://www.businessinsider.com/the-easiest-way-to-succeed-as-an-entrepreneur-2011-4#ixzz1RNeXx3PM


Let’s reach out and grab a hold of this week’s three lil’ piggies shall we?

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