Very distressing with the collapse of LEH and the acquistion (bailout) of MER. AIG on the fence of survivability. Many more banks that will collapse in the coming years. A very scary time for our Country. Int Rates will remain low, foreclosures will continue to escalate rapidly, and how we as a Nation pull out of this mess will be one for the history books.

As for real estate well.................Lets just say thousands have been and will continue to look for other forms of employment.

There will be many changes in the years ahead and watching the "trigger" of 911 lead to the Greenspan Put to the failed Bernanke Bounce, and where we go from here is truly a once in a century story that as a student of history I'm fascinated to watch it play out.

Ray Pepper
Broker
www.500Realty.net

My clients include developers of new homes, apartments and commercial projects. All of them think and plan 1 to 5 years ahead of the current market. NONE of my clients has slowed down or left to the Bahamas. Plans have changed, of course. Costs and high risk investments have been cut down, like any smart businessperson should do. My clients plan their projects 1 to 5 years ahead of the current market. Enthusiasm to create and accomplish is greater than ever. Financing is currently difficult. But, this simply gives us new and creative opportunities to restucture financing. I say, study our history. America and other great countries have had many economic downturns that have stalled our people and created fear. I recommend that we keep our noses in the sniff mode to find new opportunities: Keep our heads high above the smokey gloom and find a new path to succeed! My great grandparents did not believe in giving up and neither do I or my clients. If you are lacking faith or encouragement???????Call me for some!!
Larry Tutino
Mt Rainier Properties
mtrainierproperties@gmail.com