From AIG to Zillow
Here we are in round two of the market crisis. First the housing bust and then just when things start to clear back up - WHAM! Just about every bank in the finance sector is either overdrawn, under managed, or both - at what point do we determine the the coast is clear. Looks like the ride is just starting.
So, today, the word is out that Zillow is now planning on laying off 25% of its workforce.
Is this the time to start stocking up on can goods and preparing for the long haul? Maybe, but what about the 85% or more of Americans that are going to ride this recession out with fairly few bumps. Is there any plans to start thinking about this debacle as a opportunity, or continue down the path of worries and safety.
If there was ever a opportunity in not only the real estate market, but also the stock market at the same time, it is now. This may be the opportunity of a lifetime for many, but it doesn’t look like there’s been many bites.
Even Warren Buffet and Donald Trump are getting in on this deal, and its one heck of a deal too! If this were a train, id buy a ticket before it leaves the station.