THE NEW LIBERAL VERSION OF THE SAME STORY
As a child one of my favorite stories was the "Ant and the Grasshopper!" Not only was it entertaining, but there was a lesson to be learned that has transcended millenniums! The story was one of Aesop's Fables! It is about an hard working ant that works hard, is industrious and has a plan for the future! The Grasshopper just wants to have some fun, and doesn't care about the future or the onset of winter and lack of food! "Carpe diem" at it's best! The interesting thing is how does this apply to many in our industry today, and to sub-prime borrowers that wanted to buy a home just because they could with no money down? Our news media is bemoaning many a foolish home owner that signed and did not read what they are signing. At the same time, the media is neglecting to show how those that worked hard and kept up their homes are being impacted with higher taxes (from home flips and fraud!) Anyway todays' society is too politically correct and I found a great story to share about this aspect of it! Should we focus on those losing their homes that should not have owned a home to begin wiht? Do we concentrate and bail out banks that lent out the money knowing the borrower never had the ability to repay? Should we as a society sit back and reward risking behavior at the expense for taxpayers that did the right thing? As a society we should be prosecuting those that lead this great nation down the wrong road of fraud and greed without bailouts! The same could be said of folks we worked with... that put aside on funds for a rainyday, taxes, and paid off expenses. Most of us realize that our business can be really great, but there are a lot of dips in income where we have to provide funds for those rainy days! So are you an Ant or a Grasshopper?
THE NEW LIBERAL VERSION OF THE SAME STORY
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I love the analogy of real estate to this story. I AM AN ANT!!! I think I can... I think I can... I think I can. OOPS... I think thats the wrong story! LOL