Quote:
Originally Posted by ironworks
If I had to guess I would say the economy is better in Las Vegas then alot of places. Cars are selling, I know that. Its a much different deal in my area with the price of oil. It will be interesting to see what happens with this next election.
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That's a good point, it comes down to what dictates your life. Local influence or continental. For me it's both. With a majority being local at this point with my business and real estate holdings.
I do have to wonder how many are judging the current economy by the unrealistic trends last decade? Everybody was making money and flush. It was EASY. That's not how it's supposed to be. It does take hard work and faith to be successful with any sticking power.
Bottom line, pay attention, analyze the market and try not to get caught with your short around your ankles.
I still go back to the fact that the stock market has been strong. Look at the 5 year charts. Our local real estate market has been strong for nearly 5 years. The national market has done well too. For me, it's been a huge Spring. I'm ready take advantage of those gains and prepare for the next wave. Maybe I've just worked my ass off, but I'm not taking any chances.