What a swell Sunday afternoon here in the park. Dallas temperature is about 65 degrees and the sky is clear, humidity low. The leaves are still falling to cover the grounds, staying ahead of the park's gardeners.
VOTING. During the last national election, 40 million registered voters failed to show up at the polls. A study commissioned by USA Today found that more than half had become lethargic - turned off, if you will - because of the mud slinging among the candidates during the last several weeks before the election.
THE ADS. So the conventional wisdom is that the party who is likely to do better in elections of fewer voters, purposely begins the mudslinging ads, to which the other party responds.
ALL SOULS DAY. Many Christian denominations celebrate All Souls Day which is also called All Saints Day. It is a celebration of the lives of those who have died in the state of grace during the previous year. Tomorrow, Monday, November 1st, is the day of this year's celebration.
FINANCIAL PLANNERS. The radio is filled with informertials from those whose business is advising others how to protect and grow their investments. Certified Financial Planners top the list. Interestingly, in the main, financial planners earned between $45,000 and $75,000 per year...very few earn more.
It's odd that so many depend on the expertise and advice of people who themselves aren't setting the world on fire.
LANDS' END. I began buying shirts and pants from Lands' End at least thirty years ago. It was a relatively new company back then, selling primarily through their mail order catalog, and filling the orders from their warehouse in a teeny Wisconsin town called Dodgeville.
With Christmas on its way, I can't help but remind you of the great quality of Lands' End products, and their value. You can see their stuff at www.landsend.com
HOME REAL ESTATE MARKET. I'm inclined to believe that irrespective of how the national elections turn out this week, home sales will immediately begin to rise. That's primarily because governmental uncertainty will be behind us for awhile, and the public will adjust.
Interest rates, however, will not remain the bargain that they are today. The low rates the Fed has been charging banks has been what is now recognized as a mistake. It has made the economy worse rather than better. Consequently, adjustments will begin to happen relatively fast.
What's the bottom line? Anyone who would like to buy another home, whether to live in or as an investment, needs to do it now if "bargain" is an important part of their equation.
Thanks for joining me here in the park this afternoon. I look forward to our next week's visit.
BILL CHERRY, REALTORS
DALLAS - PARK CITIES
SINCE 1964
214 503-8563
*Man in the Park pen and ink by Carlotta Barker
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