Nothing stops a cycle

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The inevitability of economic cycles is clearly evident in our current situation isn’t it?  No matter what governments and economists say or do to try and change things we are watching things continue to head in one direction.

I said in the New Zealand Herald in February that there was a potential avalanche of mortgage sales already on Banks books, however they were sitting on them so as to not undermine the market.  As time has gone on some of those people have managed to sell down and survive, however we are starting to see the second wave of fall out now as the Herald reported today.

So for those who are on the receiving end this is sad but is just a fact of a recessionary environment.  There are solutions in many cases,  sometimes through being laid off or personal trauma we just have to walk through the pain and plan to recover our losses as quickly as possible.  Failure is a recoverable event, not a person

And on the flipside for investors now is as bad as it needs to get for us to start taking action.  Interest rates and cashflow have lined up to a point where very low risk properties can be purchased.

There is little risk of rents declining and with no cashflow drain and no competition now is the time to start looking again.

And in terms of the cycle, many of us are going through a down turn for the first time.  So remember this time, it will come again.  And between now and the next decline will be a recovery, a boom and another slowing down.  A lot of our fear can be dissipate by understanding the nature of cycles, they are well…. inevitable.

I’ve had another raft of emails lately from people asking about how to deal with banks and “control” fallout if you are in a jam.  So much so that I am wondering whether to do a webinar for those interested in some help with this. Please comment below this post or email me if this would be of interest to you or you know of friends who might find it helpful.  If there’s enough interest I’ll set it up ASAP.  There is plenty you can do if you are proactive.

Stay Inspired and Stay Safe ~ Dean Letfus @ www.MassiveAction.tv

PS: Thanks for the many thankful emails,  Twitters and Facebook comments from those who took up my Geekversity free event opportunity.  I told you it rocked

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