Real Estate and the Thanksgiving Turkey's Plight
The Real Estate Market of late reminds me a lot of the Thanksgiving Day Turkey. It has 2 shocking moments in its life. Its birth and the Wednesday before Thanksgiving. This is a summary of what happened the days between. The farmer would walk to the pen each day and feed it. The turkey looked foreword to the farmer coming each day. Until, the shock of that eventful Wednesday. Now, we know what was going to happen to the Turkey due to history and exposure. The turkey did not. This is very true of the Real Estate market as well. We had a few shocking moments. The realization that houses were selling for more than they were listed and selling very fast. This was shock to most. This went on long enough for compliancy to set in. Many linear models of value were made and floated around town. History tells us, life is a series of up and down cycles. Few of these cycles are linear. Many of us choose not to see that fact or, were not aware of it. Then, like the Thanksgiving Day Turkey, the market changed and we were shocked. Many tried to act like nothing happened. Now we have a feeling of the market betrayed us. People are looking for someone to blame. History and Human Nature are to blame. This market can be a little discouraging. One thing I take heart in, look at what happened to the Turkey! Take heart I the fact that. You have a place at the table not on the table. We will live to fight another day.
Jeff Tumbarello
Union Savings Bank
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