Stop rooting for the end of the world!

[Lesley Resnick]

Collectively, WE as RE investors and Americans do not want a wreckage of our economy and RE in general.  Many people are gearing up and cheering for the end of the economic world and think they will automagically become zillionaires.  Bad news, for you to get that amazing deal, someone needs to lose out and lose badly.  It could be you, your kids, friends, who lose out and are the provider of the great deal: loss of income, over-leverage, drop in rents.  This is a zero sum game.  You lose, I win or vice versa.  

The guy in the movie, "The big short" hit the mother load.  He paid $1B in taxes and many real people lost their homes and subsequently jobs.     That mess will never be paid off, it will just be part of our growing debt.

I am not advocating putting your head in the sand or acting irresponsible, but you should never root against the home team.

Regardless of your politics, 4% GDP is awesome.  It means you will have to work harder to find the best deals, but there is money out there.  That is something to cheer about!