What We May See Next Year

With the New Year approaching, we aren’t sure what we are going to see in the coming year. This year we continued to be riddled with fear, and bad media reports were plentiful with little chance that any of it was accurate. While things are far from business as usual, we still can’t rely on all the media statistics being true to what is really happening. There are plenty of predictions to go around, and I am sure that mine are no different.


1). I don’t see jobs picking up all that much, meaning the housing market won’t pick up much either. How do I know this? It’s simple; without job certainty there is no desire to purchase a home. Who knows if they can even pay their rent? This is just a common sense assessment.

2). Foreclosures may follow suit according to how the job market goes, but we will see. I have interviewed several people that believe their jobs are in danger and have lived so frugally in order to pay down every single bill they have. They are so afraid of being unemployed, they will nearly starve now, so that they don’t have to completely starve later. Preparation is everything, and stockpiling canned goods that won’t go bad or having water on hand ahead of time is a safe bet. If not in case of bad weather, make sure you plan ahead for all things.

3). Commercial Real Estate may not pick up anytime soon, and in 2011 those who want to start businesses may have their pick of properties. I can’t guarantee anything, but what I can tell you is that unless there is a windfall of venture capitalists that are willing to throw money at start-ups it may not grow much in 2011.

It’s really hard to tell either way, but these are three of the things I don’t see changing much. I of all people remain hopeful, but realistically speaking and based on what I see has happened this year this may be the case.

-Mayer Dallal