Part 3 (Excerpt)

Now we were talking in the previous segments about the current economy and the pitfalls. Let's talk about that more deeply, these jobs numbers. What should we make of this?

You know, its an interesting point, I keep hearing the media spin that this is the next Great Depression, talking about bread and soup lines and free government cheese and all that kind of stuff. That is absurd to me. The actual jobless number that was reported before the end of November for the past month reached a higher level for us as a country of 6.7%. There were 530,000 jobs lost during that month, but when you put that in the context of the 6.7% onto other historic recessions that number is still quite low. Yes it's tough, I get that, but we were riding high for so long that we tend to forget that and think this is as bad as its ever been.

Yes we got accustomed to job creation and this euphoria existed in the United States for decades. And that's fine. These are economic cycles that will continue to happen into the future. This is nothing new. To say this is a new place for the United States to be economically speaking, that is absurd. This definitely is a slowdown, this is definitely a recession. It might even be in depression, but what people fail to realize is how resilient this economy is and what this represents.

This show is dedicated to the home buyer, everything mortgage and real estate related. Well let's put that into context. In the first segment Dan was talking about the effects of his data and what that represents and what the median home price represents in Maricopa County specifically. So if you take that data and start to look at the people who still have a job, still have the ability to pay a mortgage - the buying opportunity that we need to address is real. So how do you end a recession in the United States? How do you end a recession for you? You pay your bills, you tighten your consumerism up a little bit, so you are not spending money on credit or leveraging yourself, you do buy a house which will be an appreciating asset.

And I know everybody likes to talk about how houses are never going to go back up in value again, really? That is totally absurd as well. Returning to a little bit of a normal level is what we're experiencing and to put this into context for the listening audience. This is the time to consider a purchase of a home or consider a refinance of a home. If you are struggling, financially speaking, the loan modification options and those things that this show represents, it's more about the truth, not this spin that I am frankly quite sick of hearing about everyday.

The reasons why a year ago we started doing this radio show and going on the air. You have been here for quite a few of the shows. And we talk about all things financial, and all things real estate. We're kind of here to offset the media stuff, the stuff that sells. People don't necessarily want to hear it, but it's kind of like a train wreck. You know you've got to look. And so people listen to the media. A perfect analogy.

Well, and one of the things that I deal with everyday, unfortunately, it's the flip side of what you guys are talking about. One of the things I think is really important to talk to people about is the many different ways that we can help people who are having problems with their homes, who are having the foreclosures filed, who are behind in their payments. Loan modification of course is one of the ways, Short sales are another way, even something as simple as giving one of us a call, bouncing some ideas off of us about what you have going on. What is going to happen if unfortunately I am going to lose my house? What is going to happen after that? How do I clean up my credit? Things like that.

The other day, I was going through a bunch of materials and I found something that's becoming more and more prevalent, out in the courts of America today. You know this might get slightly complicated, but all you need to know is on my website http://mortgageanswerman.com there will be this information under the banner of "How to Screw the Bank that Screwed You".