Looking for Opportunities in the Current Economic Climate

I enjoyed the irony of your post. Considering the perspective an individual chooses upon reading your post, they could perceive this expected recession as a good thing, and, on that same note, they could consider it a bad thing? Ironic, huh.

I have been telling my client's for a while now that it is a buyers market and they should jump to buy right now. Home prices are down, mortgage rates are down, and there is an abundance of homes on the market. Thanks for re-iterating that as well. However, as far as the recession goes, it all depends on who you read as to whether we are going into a recession or not. I have read several articles about the role the media is playing in all this, and it started me thinking; I wonder what the Great Depression would have been like if the media was back then what it is now. How much worse would it have been? The media is all about headlines and over dramatizing everything. What role do you think they are playing in all this? Do you think that we would be in a better situation now without the news coverage on the "impending doom"? If the media started today broadcasting stories about good things like how it is a great time to buy and the market is stabilizing, the government is helping those in tight situations and the mortgage business will recover over the next 12 months, don?t you think that it would make a huge impact?

There are always opportunities for those who look for them. And, honestly, the recession will be beneficial for some...

It's really a "confidence" game, and the media is enjoying the story. I've heard (and seen) lots of stories about how the government is going to help people in tight spots. And the media is reporting the fact that Bernanke thinks we won't go into recession. So those stories are out there.

But it is largely a matter of opinion. Some economists say we're there, some say we will be, and others say it won't happen.

You are right about the buyer's market for sure. As long as someone is buying to live in the home or rent it out (not planning to flip it or sell in a year or two). It is an ideal time to buy a home. I bought a home at a good time. But I wish I had waited just two more months, even though it really wasn't feasible in my situation to wait. It would have been even better.