How is the current Charlotte North Carolina Real Estate market? In reality, the media "crisis" is only a mere fraction of the market. What caused this crisis? The media. It was just a short time ago when the media created the outrage of "the evil bankers' keeping down the common man and not allowing enough opportunities fro home ownership. The Government stepped in and convinced the lenders to ignore their statistical data and lend more money. The Government knew these were high risk loans and guaranteed the loans.
As the high risk loans continued to default, the media screamed that the banks were heartless again and created a new "crisis".
First, the banks lend "our" money. When borrowers default, it is our money they are not returning. Banks do not own money; we do.
So how large is the financial "crisis"? It is only a mere fraction of the loans that are at risk but the media has placed the citizens in a paranoid state and many are scared to purchase a home and making the media story a reality!
Opportunity? Of course. Paranoid people make uneducated decisions and the wise man will prosper. It is actually a great time to actually buy a home. The economy is doing well, the Fed lowered interest rates and there are deals to be found. The smart people realize this is a hoax and that is when the common people lose out. The common person follows the media.
Perception is reality and the media creates their version of reality. So if you are ready to take charge of your own reality it is an opportune time to purchase Charlotte North Carolina Real Estate.
