LOOKING BACK AT 2008 -- DURHAM REAL ESTATE

LOOKING BACK AT 2008 – DURHAM REAL ESTATE


2008 is over. That is a good thing. 2008 was not a great year if:
· you depended on your stock portfolio for your retirement income.
· you were a conservative politician.
· you were moving to the Triangle (like everyone else) and needed to sell your house back home in order to settle in here.
· you had plans to develop property or build a big building and discovered the banks decided to no longer lend you any money
· you bought a house you could not afford, obtained a 104% loan, saw it actually lose value and now you are upside down.
· you believed anything you read in the media.
Not everything that happened in 2008 was a bad thing. When I was a kid my parents used to tell me that anyone could grow up to be President of the United States. Of course, what they really meant was if you were a white male. That myth has finally been dispelled and that is a good thing. As for the politics, we will just have to wait and see. We still don’t have a female President, but at least Governor Palin proved that the media could be as nasty to a woman as they could be to a man.