by Ruth Robinson
posted September 29, 2008
) Photo by Ruth Robinson Lions Jim Simpkins, left, and Jim Wade talk with speaker Lois Killebrew. |
"It is good to have challenges and be able to figure out how to come out. You have to learn to cut back and to appreciate what you have. We are fortunate to be on this mountain and all the things we have. We are all so blessed and need to give back to the community."
In terms of real estate, some locations are in a bad situation but the markets on Signal Mountain are stable, she said. At any time, there are about 140 houses on sale and it stays around that figure. The years 2005 and 2006 were good, but it was a soft market in 2007 and 2008.
Sales in the greater Chattanooga area are off about 20 percent, "but real estate is still a sound way to build equity. It is one of the best places to invest."
The speaker was optimistic that government intervention in the stock market "will have a better functioning market and help the American dream of home ownership, but it will take time." There are a lot of homes on the market, but the future is good. Inventory is high across the region, but not on Signal Mountain.
"People are nervous. We are all dealing with challenges. (With Volkswagen) the economy is poised for an increase. We need to be positive and make lemonade out of lemons."
In the business portion of the meeting, final plans were announced for the club's 50th anniversary dinner to be held Friday, Oct. 3, at 6:30 p.m. at St. Timothy's Episcopal Church.
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