Are We There Yet, Dad?
I grew up in Indiana.
When I was a little boy, our preferred summer vacation destination was the Rocky Mountains of Colorado.
Getting there entailed a long drive across humid Midwest corn-belt states in stifling heat with open car windows back before air conditioning became commonplace (yes, I was born after the wheel was invented, so don’t even ask).
I remember making the trip in a 1951 Pontiac Chieftain, and later in Dad’s pride-and-joy 1956 Oldsmobile Super 88 4-door hardtop.
We would get started around 3:00 a.m. to beat the heat, and I would usually start asking “Are we there yet, Dad?” about 3o miles from home, thereby driving my parents crazy in the process.
Those days are a distant memory now that my parents are both in a nursing home. I didn’t know that those were the good old days as I was living them.
(note to self: live for today; these are tomorrow’s good old days)
I am reminded of those days now when people now ask me “Are we at the bottom yet, Phil?”
I don’t know.
No one knows ~ not even those optimistic government economists and real estate cheerleaders who want us to believe that our pain will be short-lived and that we will return to the glory days of real estate next Spring, next year, or whenever.
I have a sense that we’re going to be slogging through this market for more than a few months, but I hope I am wrong.
I was going to write a post about this, but I happened onto Diane Cohn’s brilliant post on this very topic in her Reno Realty Blog.
Diane says it better than I ever could have, so I encourage your to peruse her post in its entirety.
You can substitute your city of choice for the word “Reno” as you read her post and get a pretty good idea of whether or not we are at the bottom of our current correction.
December 7th, 2006 Posted in Uncategorized
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