The Real Truth About The Current Condition Of The U. S. Real Estate Market And Overall Economy

As we enter the year 2008 I can’t believe that so called economic experts, politicians, and media personnel are still making the following types of inaccurate comments regarding the current condition of the U. S. real estate market and overall economy.
 
Inaccurate Comments Being Made About The U. S. Real Estate Market And Economy
 
1.   The fundamentals of our economy are basically strong

2.   The economy is experiencing a temporary slow down

3.   The real estate market will be back to normal by the spring of 2009

4.   There is a slight chance we may experience a mild recession

5.   By the end of the year unemployment figures will be down dramatically

6.   Real estate values will start increasing again in the very near future

My Response To These Comments

I have just 3 quick questions for people that make these types of inaccurate comments.

1.   Are you kidding me?

2.   Are you for real?

3.   What planet do you live on?

Let me briefly respond to the above downplayed, unrealistic, and untrue comments. 

Comment #1

The fundamentals of our economy are basically strong
 
My Response
 
The 6 Fundamentals of the U. S. economy are not strong. In fact, as we enter the year 2008, they all have terminal cancer because they have been decreasing since late 2004 and early 2005. By saying that the fundamentals of the U. S. economy are basically strong is the same thing as saying that a patient has a cold when in fact he or she has terminal cancer. By the way I will be revealing what the 6 Fundamentals of the U. S. economy are in Section #2 of this book.
  

Comment #2

The economy is experiencing a temporary slow down
 
My Response
 
Since late 2004 and early 2005 the U. S. real estate market and overall economy have been deteriorating very quickly and very badly. This deterioration will absolutely continue indefinitely as long as the Spreading Economic Aids Virus is in existence. The truth of the matter is that, since late 2004 and early 2005, the United States may very well be on a journey that takes it to the land of total real estate market and overall economic financial collapse. By the way I will be revealing what the Spreading Economic Aids Virus is in Section #2 of this book.
 
Comment #3
 
The real estate market will be back to normal by the spring of 2009.
 
My Response
 
I guess back to normal means that the U. S. real estate market will return to a Seller’s Market again in the very near future. There is absolutely no chance of this happening at all. As I’ve indicated we are in the strongest Buyer’s Market of all time and we may very well remain in it forever until our government figures out how to create, adopt, and mandate the implementation of new, revolutionary, state of the art, and management to prevent crisis business practices. Practices that will result in first stabilizing the U. S. real estate market and overall economy and then secondly gradually getting them back on positive tracks.

Comment #4
 
There is a slight chance we may experience a mild recession
 
My Response
 
Since late 2004 and early 2005 millions of Americans and their businesses have been totally devastated financially and psychologically. This devastation has resulted in their being real victims of Recessions as well as Depressions.  Tragically as the U. S. real estate market and overall economy continue to deteriorate, and they will, millions more Americans and their businesses will continue to become victims of Recessions and Depressions.
 
Comment #5
 
By the end of the year unemployment figures will be down dramatically  

My Response
 
As long as the U. S. real estate market and overall economy continue to deteriorate, millions of Americans will continue to: 1) lose their jobs, 2) have to accept pay cuts, 3) lose their benefits, and 4) have to cut back on expenses generally. Also as the real estate market and overall economy continue to deteriorate America’s Income and Disposable Income will continue to decrease as well. What does all of this mean? It means that honest and accurate unemployment figures will continue to substantially increase.     
 
Comment #6
 
Real estate values will start increasing again in the very near future
 
My Response
 
As long as the current and strongest Buyer’s Market of all time exists U. S. real estate values will continue to decrease due to the fact that supply will continue to dramatically exceed demand. As long as this scenario exists America’s real estate values and America’s real estate equity will continue to decrease. These decreases will absolutely lead to further, and further, and further deterioration of the U. S. real estate market and overall economy.

America’s Financial Crisis Solutions Book

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Remember to look for more Real Estate Market Tips soon.