There have been 17 previous Real Estate cycles prior to this one. All of them look, sound and feel bad toward the bottom and at the top, people are so happy to own Real Estate. However, this one is inflicting a lot of collateral damage as it cycles through.

Instead of everyone getting by, now tens of millions are not doing so well. So much happened so fast. Also, the changes that are taking place in the Real Estate industry are redefining the way we will do business for years to come. The problem may be that we may not have found bottom yet. 

UNEMPLOYMENT. If that doesn't get fixed, we are in for some long term challenging times. I don't specialize in this subject matter, all I am doing is really repeating what I see and hear out there from my neighbors, friends and fellow agents as they share with me. I strongly suspect..........

This was not accidental....... This is just too conveniently bad. It is like a planned bad.

While I am trying..... to figure things out, the price of gasoline goes up and stays up. What is with that? Every other industry is humbling. This one appears to be arrogant. I question (at the minimum) the timing of all this. When it comes to buying gasoline, we are a captive audience. What can you do?

I have heard....... it said that we are still feeling the effects of the 9-11 attack. In the world of a marksman hitting a target, the enemy scored an economic bulls-eye hit on us like you can't believe. Multi-trillions (and counting) is the estimate. You want to destroy a country......attack it's economy.

I appreciate ......the work Obama put in (although I am still evaluating it) in regards to the health-care plan etc. I do not know much about it except to say this......what good is that when unemployment and housing is failing? OK..... I have access to health-care coverage now....However.......where AND how do we work and live?

A segment of this country..... had the audacity to mess with the American Dream.....Maslow's base of the life pyramid fundamental of the food,  SHELTER, and clothing fame. They had to play with it and they broke it. Until that is repaired, the American dream can be a nightmare to some.  This is not good.

Everytime I see coverage of Congress & Government anywhere, I wonder what these people do all day in light of all the problems we have? In any other business, when things are going wrong, you work harder, longer until remedied. All I see is partying, perks, arguing, and lack of results. When did this become acceptable? I wrote Two California Senators many months ago to take note of people losing their jobs and homes and to make this a priority. I got detail responses in writing from both stating that they are doing everything you can imagine........but all I can go on is the result. You cant eat, sleep and live TALK.

I am ignorant of this subject...., the causes..... and the cures. I only bring this up because it impacts the business I am in.....REAL ESTATE.

TWO THINGS I KNOW......

AS AN AGENT, I WILL DO ALL I CAN FOR WHOEVER CONTACTS ME WITH A PROBLEM

THE BEST TIME TO BUY IS AT THE BOTTOM OF THE CYCLE.......(THAT BE NOW)

 

 

 

 

Richie Alan Naggar          Ran Right Realty       Riverside, Ca

Real Estate Broker and AUTHOR of the popular "PEARLS SERIES" of books on LIFE and LOVE

Richie@RanRightRealty.com         Richie@Pearlsforthesoul.com

PEOPLE FIRST...THEN BUSINESS

 

5 Comments on DON'T PANIC.......ITS ONLY ME...........THE BOTTOM OF A REAL ESTATE CYCLE.........

APR
06
2010
2 Featured Posts

Along with with positive attitude (displayed more in other posts), I appreciate your objectivity, Richie.

I agree with your assessment of the cycles.  It always amazes me that no matter how often it happens, the majority of people always seem to be surprised and tricked by them.

While I don't put the government above wrecking an economy on purpose, I don't think that explains the majority of what happened.  Most people aren't very good with their money.  What are the chances that they'll be good with other people's money--money that doesn't directly affect them?

Economies do better the more mone moves.  People aren't spending.  Businesses aren't selling.  Banks don't want to give loans are lines of credit to business that aren't selling.  Businesses don't have money to keep people employed.  People don't have money to spend.  (The banks sure don't want to lend to these people, either.)

How do we break this cycle?  Enter the government (or outside visionary investors).

It helps if we have an intentional path for the money to travel.  This is where the government dropped the ball.  They threw money at the problem (not bad), but they didn't lay out a plan how that money would be used to facilitate that recovery (not good).

The government is taking stabs...Foreclosure forgiveness (let's hope that's a one-and-done), loan mods for individuals (mixed...maybe prompts deflation--maybe ok, maybe not)...various tax credits.

They haven't addressed the real issue, though.  They need to give targeted businesses money to create jobs.  The government has to regulate WHO receives the funds by the types of jobs they want to grow.  More jobs will mean more people with more money.  I think you can see the rest.

By the way, I'm not saying that the government should just GIVE away the money.  They need to call the shots how any borrower/receiver will use that money.

So, no, I don't think that the goverment did this on purpose.  I don't think they're that smart--not most of them, anyway.

BTW...I entirely agree with your comment that action trumps lip service.  It's just not shown often enough.
9:07am • #1
2 Featured Posts

Sorry about the long post, Richie!
9:07am • #2
839,788 Points 69 Featured Posts Outside Blog Called Shot Master

Chris....I actually felt like I was eating a huge BBQ beef rib while reading your comment. Very meaty statements and all relevant. Sure, a bit lengthy, but appropriate.  I sense a "post" subject in there for you. Thanks for the quality input.
9:51am • #3
APR
07
2010
2 Featured Posts

Clever wording, Richie.  All you needed was to throw in some comment about needing antacid from having too much meat (for a comment).

I really look forward to reading your posts.  Keep 'em coming!
1:56pm • #4
839,788 Points 69 Featured Posts Outside Blog Called Shot Master

Chris...master of all the section 8's he surveys...always a pleasure to hear from you too!
5:10pm • #5


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