Foreclosure isn't the only thing happening

A friend was recently telling me a southern California story. But the same thing is happening in Nevada, Arizona, Florida and many if not most other States in the U.S.

The reason this story is important is that it affects someone whose businesses are still doing well. But it is happening to them because of the changes to society over the last few years.

This family is over 45 or 50. They are financially stable even in these times. They bought a nice home for around 300,000 dollars about 5 years ago in Southern California. However, within the last two months someone out of work or on the streets for too long broke into their home and stole about $50,000 in goods. Now the family, disheartened by this violation decided to sell their home immediately so those people don't break into their home again. However, they found out upon doing research that they are underwater because they had no down payment when they bought the house. So, they short sold their home and there was a bidding war and someone purchased it for 200,000 dollars so the bank loses 100,000 dollars and the person whose name it is in loses their credit for a while. But no one goes bankrupt and everyone stays solvent. This sort of thing is being repeated thousands of times across the U.S. all the time now. So all these banks that have to eat a 100,000 dollar or more loss caused actually because of people becoming criminals and breaking into other people's houses because they have lost their jobs and can't find another one. These are the times we live in.

However, all you people out of work out there who actually have the time to read my blogs. Just remember that Steven Jobs started Apple Computer in his garage with Steve Wozniak around 1980 which also had 10% unemployment just like now. In 1903 Harley Davidson began in a barn. By 1905 they had made 11 motorcycles. By 1908 they had sold 154 and they had a company.

Also around the time of Apple Computer, Bill Gates purchased a programming code from Digital Research in Pacific Grove, California which was called CP/M which was an MS-DOS compatible, and then tinkered with it and sold the rights to parts of it to IBM which they then used on the first IBM personal Computer in 1981. But by only selling licensing rights to IBM he was able to sell the software over and over again to all personal computer owners including all the IBM clones made all over the world by hundreds of companies and a whole new software industry was born. He is now (and has been for some time) one of the richest men on earth.

So, it is times like these right now that incredible businesses tend to start and really change the whole world.

So now is the time to start some business in your garage or barn while you still have one!