Isn't life all about perspective? And there is always more than one way to view the current economic status of our nation. If you're one that has savings, a great credit rating, and have been waiting to get into the stock market or a house, this may be your big chance!
When the prices of stocks, or homes, generally plunge like they have recently. It's like having a sign saying:
BIG SALE!
Lowest prices in 10 years!
Wahoo!
Lowest prices in 10 years!
Wahoo!
This is not intended as investment advice, but nearly as an alternative perspective in an economic downturn that anybody knew was coming. Watching house prices inflate the last few years has been ridiculous. My house's estimated value has risen over $100,000 in the last 3-4 years (that's not healthy growth, or normal). On my property tax forms the county listed it as being worth $9,000 more each year in the first 3 years and then in the last year increasing in value about $75,000. And this was at a time when home prices across the nation were dropping, and just as they started to slow and drop here in Utah.
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