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ownership society: Ownership Society - Explain that to Me Once Again? - 02/22/08 06:24 AM
We all remember the wise words that were spoken about the "Ownership Society" and the gentleman who reminded us of this was President Bush. He is correct, an ownership society that owns their own real estate is indeed a much better society and makes for a much better civilization. Why? Simple, because each homeowner is a stakeholder, owning the property underneath their feet and the family's home and in business we have similar psychological term, called: "Buy In!"
Buy in is real and for anyone who has ever run an organization before they realize that buy in means that each person has … (2 comments)
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ownership society: How Much Should Realtors Be Fined for Their Part in the Subprime Lending Crash? - 01/02/08 05:42 PM
Recently, a Think Tank began discussing the lack of Integrity in the Real Estate Industry and what percentage of blame was deserved where. Most Realtors blame the mortgage industry; the brokers, companies and the abundance of bad loans on properties during an unsustainable and irrational exuberance rise in home prices. Sure, that makes sense, everyone wishes to shift responsibility and it is hard to deny that the mortgage industry made some huge errors in judgment for some quick short-term gain.
Nevertheless, let us look at the Realtors and their part in all of this. Realtors either knew or should have known that … (68 comments)
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ownership society: Humble Dwellings, Negative Equity and Walk-Aways in an Ownership Society - 12/31/07 12:55 AM
Humble Dwellings
As we watch the real estate market pull back slightly in the United States it appears that the equity level averages are at an all time low. Where as we are coming off an all time high of home ownership the contrast is a little troubling. Home ownership is good because it means we have buy in from the masses. Unfortunately, in this case presently these people do not actually own much of anything other than a mortgage.
You see if the average equity of homeowners is now under 25% many people are at a negative equity - upside down in … (0 comments)
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ownership society: Home Ownership, Ownership Societies, and Home Equity Considered - 12/26/07 01:21 AM
One of the greatest things that a society or civilization can have is "buy-in" from its citizenry. This includes things like voting, serving in the military or even a stronger tie such as owning a piece of the nation. Perhaps you might call this a sense of nationalism that comes from owning a piece of America. Home ownership helps boost the value of ownership societies and it makes people believe in personal responsibility, it lowers crime and causes communities to unite in a common cause.
Even though more Americans own homes now then have ever in the history of our nation, … (2 comments)
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Lance Winslow
Malibu,
CA
More about me…
The Car Wash Guy
Address: 74-478 Hwy 111, Palm Desert, CA, 92260
Office Phone: (800) 879-8783 x 111
Email Me
Mr. Winslow uses the Active Rain Real Estate Industry Blog, to discuss issues that affect the Real Estate sector of our economy. His dialogues include such things as; droughts, subprime lending fallout, building materials, living off the grid, sales ethics, commercial property, crime, revitalizing downtowns, economic development, community volunteerism, and predicting the future of the real estate markets in the United States.
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