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Thursday, October 11, 2007
Doug's View of Real Estate In Morganton, NC
Real Estate continues to be possibly the best investment in America. Homes and Land continue to increase in value and mortgage interest rates of around 6 1/2 % are still available.
I remember a few years back when the news media ran a feature saying, "There is going to be a shortage of automobile antifreeze this year." Masses of people who heard and viewed the news piece on the antifreeze shortage believed there was in fact going to be a shortage of antifreeze so they went out and bought a gallon or two. Sure enough the shelves on the auto supply stores were soon sold out of antifreeze. Yes, there was a sudden shortage of antifreeze available for consumers to purchase.
Another case in point: Back in the mid-1970's when gasoline was relatively cheap, the Big Oil companies started holding oil tankers offshore to reduce the supply of oil available to refiners to make gasoline. The media "Sounded the Alarm" with the same shortage message. Millions of people who had previously been running their automobiles with approximately 1/2 to 1/4 of a full fuel tank began keeping their tanks topped off completely "Full" of fuel. The additional fuel stored up in individual gasoline tanks in nearly every passenger car in the USA created a "Fuel Shortage" resulting in increases in gasoline prices, and "Fuel Shortages."
We need to take every opportunity to honestly say everything "Good" that we can about being in the Real Estate Brokerage Business, and the Positive Benefits of owning Real Estate itself as a product, and an investment in Morganton and Burke County, NC.
Doug Wright
real_estate_man@bellsouth.net
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