With record numbers of foreclosures, the plight of the lending institutions, and the plummeting US dollar, what should we expect in the future? Are we facing a recession or merely a correction of the market?
There is a term that I have heard many older persons say, those who have weathered many economic climates, that goes like this "we're just going through something".
That term "...just going through something" leaves me with the thought that the current situation is temporary and that we will come out of whatever we are going through. The tone of the adage is one of hope and optimism.
What are your thoughts about todays housing situation and what should we look for in the future?
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