Wondering What A Potential Recession Could Mean For The Housing Market, History Tells Us..
A recession doesn't mean falling prices.
1980 - 6.1%
1981 - 3.5%
1991 - -1.9%
2001 - 6.6%
2008 - -19.7%
2020 - 6.0%
A recession means falling mortgage rates.
1980 - -4.25
1981 - -5.0
1991 - -2.25
2001 - -0.63
2008 - -1.13
2020 - -1.00
Why is it that some people succeed, When others don't? What ensures success and what hinders it?
Humility
The first ingredient for success is humility. This isn't always easy - Humble pie is the pastry that's never tasty! But when things go wrong, you have a decision to make - You can either get bitter of you can get better.
We become who we are because of that adversities and the struggles we face. Humility is the foundation for all growth - when you have been turned upside down, its not the time to panic, its time to grow.
Curiosity
If you want to succeed, you have to be curious. First, be curious about the other people. Get folks talking about themselves and you'll learn an enormous amount. Next, be curious about your own life.
Stay curious about your profession: Keep learning, Hone your skills and become a master of your Craft!
The ability to receive help
The third ingredient in success is the ability to receive help. The most common reason we're not open to accepting help is foolish people - Our egos gets in the way. The next is ignorance. - We think we already know all we need to and that there's nothing else to learn.
The last is "Do it Myself" thinking - We mistakenly believe we don't need help and can go it alone.