Treasure Coast Real Estate Issues

The owners with sub prime mortgages are getting a huge gift. Let me rephrase that, the owners with sub prime mortgages who are not late on a single payment, are getting a huge gift. What about those who are behind? Sorry, this action leaves you out.

What about those of us with a fixed rate loan? Well, we are also receiving a gift. A stimulated economy. The sub prime group will now have more discretionary income to buy furniture, electronics, cars, etc... Even though we do not directly get help, this will stimulate the economy and help us all out.

How about those of us wanting to buy a home? The Fed is now under pressure to lower rates even further. They need to give a gift to the rest of us. These buyers will now have more discretionary income to buy furniture, electronics, cars, etc... Again, this will stimulate the economy, helping us all.

Now, what about a recession? Historically, when times seem to be at their worst, the numbers show we have been in a recession for some time, and are actually on the backside of it. We may be  heading for this turn around soon.

I could be wrong, but I like to be optimistic.