Trouble On The Horizon – Or Is It?
A friend of mine, who is a doctor, and has nothing to do with manufactured homes, sent me an article this morning. I’ve included it at the bottom.
When I saw the headline I thought “Holy Crap! We’re in trouble!” But as I read it, I realized that you have to put your business hat on.
Not that it matters, but I’m a business major with an accounting minor. I love to slice and dice numbers and trends.
I also used to do short sales and foreclosure for several years. Between 2004 and 2012 I saw the devastation of people in financial trouble.
When the economy started going south in 2007, which led to the 2008 crash and 3 or 4 years of economic turmoil in the US housing market, it wasn’t pretty.
Some of you were affected. Some good. Some not so much.
The Bible says “To Everything There Is a Season”. (If you’re old enough you can hear the Byrds song.)
Almost everything is cyclical. (Except Pet Rocks. That was a ‘one hit wonder’ kind of a deal.)
Economy flows along, has ups and downs and things change, of course.
Sorry to disagree with some of my colleagues, but the ‘recovery’ of the last several years was pretty stagnant. Low unemployment under the last administration was due to NOT counting millions of unemployed who quit looking for work. That’s called ‘Cooking the Books‘ in the private sector.
What’s happened in business in the past 18 months is amazing.
VERY tumultuous political climate right now.
But love Trump or hate Trump, you gotta admit things are rockin’! Tax cuts, regulation cuts, international trade excitement, Amazon excitement, border excitement. It’s enough to give one a headache.
Trends follow the economy and business. So what you see today has been going on for a while. Just now getting attention.
A lot of news outlets are knee jerk or of a microwave mentality. What happens today HAS to be fixed right now or the sky will fall tomorrow.
I won’t bore you with ALL the conspiracy theories. We don’t have time right now.
Here’s what you CAN gather from this article. We help folks with Affordable Housing plain and simple. Most succeed some fail. Help those you can help and keep charging forward!
To Your Success!
Mobile Home Loan Delinquencies – Warning Sign for the Economy?
Leave a ReplyWant to join the discussion?
Feel free to contribute!