FIRST THINGS FIRST!

IF YOU HAVEN'T ALREADY...GO VOTE!

I know I've missed Halloween, but if you're still in the mood for something scary, this article definitely fits the bill.

If you don't have time for the full article basically it says we're approaching a record 20% of all homeowners underwater on their mortgages nationally.

Headed into a recession, that's pretty scary. If you lose your job and need to sell your home, what do you do? If you get transferred by your employer and need to sell your home, what do you do?

There is a downward spiral here that someone has to find a way to stop. More foreclosures lead to lower prices which lead to more homeowners under water on their mortgages which leads to more foreclosures when "stuff" happens.

Today's election, whatever the result will not fix everything. But it'll be interesting to see what, if anything, government tries to do on this front in the next few months.

Tomorrow is the Virginia presidential primary. Whatever your political persuasion, please take time to vote.

I was raised in a family that believed that voting was a responsibility. And, I still believe that!

So, please, go do your patriotic duty tomorrow!

And, yes, this is related to real estate. Whoever ends up in the White House will certainly still be dealing with fallout from the subprime debacle!

And, if you don't participate, don't be complaining to me about our government!

Back to topics more directly related to real estate tomorrow!