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106 Comments on ONE WAY TO CURE THE ECONOMY.....TAKE THE LOSS AND MOVE ON....
Very true and you presented it so well even I could understand. When will the banks step up? Margaret C.
Good blog. In life it's difficult to let go of the past, stop worrying about the future and live in the present. Hopefully we don't repeat the mistakes that got us into this real estate mess.
You got it right here Richie! We need to move on so we can recover.
Richie,
Generally I agree with you.
Let's forget the loss and move on !
It sounds great but I would like to ask you here one question. Did you ever lose everything at once ? I mean everything you have been working for for many years; house,car,business,all your belongings and life of someone dear to you ?
Think about it and then say let's forget it and move on.
I'm sorry but I will never forget what had happen to me. I'm one of this people who will not forgive and forget. I'll go after the ones who stole from me and who harmed me and I'll make them pay. That's just me.
Zijuzijazijana
What you say is true. Moving forward is positive. Whining and moaning is looking at the past and focusing on negativity.
Right on! Let's pull up our bootstraps and move on and finally when that horse bucks you off, just git right back on 'er and mosey on ..... and don't ya look back now.
Hi there Debbe....your comment demonstrates how simple it is...we can talk this thing into the ground and I know investors and banks are being deliberately stubborn as a way of putting pressure on the government to make good losses. The stakes are no less than people....No more rescues or talk...write it off and ride into the sunset. Thank you Debbe
Gwen.....he is our dad now. Thanks for sharing him with us. Can the bee unsting...?
Margaret....your the best....the banks like to manipulate instead of using business plans and models like everyone else. Look what we uncovered when the economy crashed. We caught lenders/bankers with their hands in the till and asleep at the helm. These people are well paid and in high places....American people got taken again
Thank you girls for visiting
Michael...life has a way of teaching you in real time what you should have known, what is going on now, and what to expect.....The only thing missing from this formula is the people paying attention to the data coming in.....The country doesn't promote being conservative with money. It actually needs you to spend and keep spending. Well, we all obeyed and when something went wrong, the ordinary guy out there is the first to get wounded here. The banks and investors got rescued....Where is the justice in this type of system...?
DeeDee...my make-up is to instantly go to solution whenever there is a problem. Some people need time to mourn or get there lesson in time. There are deadlines to forgive debt in pace now that expire in 2012. Acting now begins the recovery process so that a homeowner can participate in buying another home in 2-3 years using FHA programs. As painful as it is, we need to move toward opportunity.....sooner the better for all...
Sweet Eva...First off....THANK YOU for visiting and commenting with me. I will answer your question best I can. Yes...I have lost everything....I retired at 34 with a million dollars, a beautiful home, 3 nice cars and all the rest of it. I also had lost my father at some point and was surprised that I wept for 3 weeks intermittently. I have/had a family too. Since the beginning of creation, problem/solutions have been coming in steady. So, I knew I was not being singled out and that things happen to mankind as we journey. We must move forward after every situation or what is the purpose of life...? You have to live it.....That is what gives it meaning and causes us to grow and prosper and not just materially either. As to your system of paying people back, be advised that everyone gets what they deserve between now and the end of their journey(and beyond). There is no escape.....You have a conscience that reminds you of personal error and it requires repentance before it gives you a fresh start. If you don't let go of this PAY BACK mentality, you are sentencing your-self to a false destiny and not the one god would have you have.....My first reaction to all my WOES.......I wept and mourned and cried asking God to give me the strength to move forward and think clearly. I did that until I stopped. I am private man so I kept it to myself. In time, (and it can be different for everyone), I got over it and my new path was presented. Get on this program and you will prosper...but your heart has to be one of sorrow not arrogance and blame......Do this not only for yourself, but others are counting on you too.....Travel well...dear lady and may your pain pass quickly enough... it will if you will
Debbie...I don't mind some whining and moaning with the understanding that it is just passing through...like a phase. That is not where anyone of us wants to stay or hang out....How can you get rewarded for that...? It is not a reward-able behavior, but it can lead to one if you navigate through it correctly. Picking ourselves up, brushing ourselves off, taking stock and then moving forward is required by everyone who has life in them....thank you for joining me on this subject....best Debbie to you
Esther...yes...to your comment. Acknowledge the circumstance, take stock, and then lift your bootstrap up into the stirrup and aim for the horizon...keep riding until sundown then camp out. Repeat this as many times as you can......You will get somewhere using this program....thank you Esther....
Richie...a "fresh start" is most definitely needed. Granted...that's an understatement. If only there was a "hard reset" button to bring the economy and the housing industry back to a "factory default" postiion. Perhaps that's over simplifying the situation, but I feel there's some potential power behind that idea when you think about it.
David....I thought of the reset button too......My friend, everything that is happening is for a reason....so we both agree that something else is going on.....A big something else.......It will come out soon enough
As a Realtor and a single mother of a disabled daughter, this post could not have come at a better time. I live in one of the worst areas for unemployment and foreclosures in Florida right now and while I have done well as a Realtor in the past and I have 7 countract pendings (all tied up in short sales and foreclosures issues), I have agonized for months about letting my house go into a short sale. I have many repairs that have been put off and my house is worth $60,000 less than I owe.
This post has convinced me that this needs to be done - breathe deep and just do it! Thanks guys
I have been preaching the same thing for a long time. Stop messing with the market and let it adjust normally.
Hello Tim....you may have it down to just that.....letting it adjust normally. I suspect that many will not like where it lands thus the manipulation....sore losers if you will.......Eventually, water will seek its own level if we don't dam it up...thank you
Hello Diane....I travel with you during these difficult moments and times. It is not an easy subject and realize that it has too much of a grasp on us. This was not meant to be. You are greater that all this. Your math on the house makes sense. Your assesment of your situation makes sense. let sense prevail and you wont be sorry. You will suffer and feel some discomfort, but this is all short term. You will recover, you will prosper and you will continue to do great things......Strenght to you and your daughter...I leave you with deep and warm thoughts....
A tremendous amount of damage has been done. I hope we learn some lessons and don't let this happen again.
Tigard....that is how we learn. You see, prior to 911, we don't listen. Try convincing anyone we need a new cabinet post like the Department of Homeland security at a cost of multi-billions and they will tell you..... you are crazy. OK...now, do a 911 and we fully understand the need..learning after the fact is not always profitable, but it is the way of mankind.....dysfunctional to say the least...thank you Tigard....
Sometimes we just have to take our medicine and live with the fact some lost money.
Hello Gary...good comment....You know they add sweeteners to medicine because in its natural state, it tastes horrible....but with or without the taste factor, we need to take it and move on......Life is to be lived and not mourned about especially material things.....we are greater than that.....much greater...best Gary