So you go to Vegas with $500. You win $3000 playing craps. Then you blow $1000 on slots on the way out.
Good times or bad?
MSN MoneyCentral published this today. And for the first time in a while it feels as if there’s still some blue sky peeking through the black cloud overhead.
In 2005, my home was valued by a Realtor to be worth $1,100,000. (I paid $245,000 in ‘97). Granted I put a few hundred grand of improvements into the home. But still, that return was significant.
Here we are in 2008. If things had continued going up, my home could have been worth several hundred thousand more. But the real estate slot machine ate some of the winnings.
But I, and millions of other American’s like me, are still way, way ahead. And I think this relieves some of that doom and gloom hovering above.
Now, I realize some folks who bought homes in 2006 and 2007 are not as celebratory as I am right now. I feel that. But at least it’s not everyone. And if we can all just hang on, things will correct themselves. They always have.
So I wouldn’t call this report great news. Or for that matter, good news. But it’s not horrible, roof caving in, CBS canceling Jericho for the second time, devastating news. If, after all this time, we are now at 2005 pricing, many of us are still way ahead with a ways to go before we’re even at break even.
And sometimes, given the situation at hand, that’s not the very worst thing in the world. The best we can do is say "nuts" and carry on!
- Davison
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Marc,
To think Brian is probably going crazy being net deprived for a couple of days now. He's probably only called 20 or 30 times since departure.
To the point, if we are to believe Mr. Cramer (painfully, I do) then the end is near! The end of the trough, that is. Hey any news we can document that says one day it will get better is welcome at this point.
http://www.cnbc.com/id/26406036
Greg/Indianapolis
P.S. Darn straight about Jericho. Were you a Jake/Em or Jake/Heather fan? (vbg)
LOL. I have not spoken to Brian who I am sure is relaxing by a lake, fishing, enjoying his wife and daughter and letting his mind wander.
Any news that places a balanced perception of what's going on is indeed welcome.
Jericho – I was a fan of the writing. It was flawless. The acting – flawless. The storyline – as real as I can image this reality could be.
I liked Heather. She was a complete person. Emily was troubled. But the chemistry between both was awesome.