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A Parable for our Times

By
Real Estate Technology with Carmody and Associates LLC

I received this in email and I am not able to properly credit the original source who is unknown to me.  But the simple story does seem to have some relevance to the topics which occupy our minds these days.  

So I present, without any assurances or warranties this Parable for our Times. 

Wine service for two

Barack Obama discovers a leak under his sink, so he calls Joe the Plumber to come and fix it. Joe drives to Obama's house, which is located in a very nice neighborhood and where it's clear that all the residents make more than $250,000 per year.

Joe arrives and takes his tools into the house. Joe is led to the room that contains the leaky pipe under a sink. Joe assesses the problem and tells Obama, who is standing near the door, that it's an easy repair that will take less than 10 minutes. Obama asks Joe how much it will cost. Joe immediately says, "$9,500." "$9,500?" Obama asks, stunned. "But you said it's an easy repair!" "Yes, but what I do is charge a lot more to my clients who make more than $250,000 per year so I can fix the plumbing of everybody who makes less than that for free," explains Joe. "It's always been my philosophy. As a matter of fact, I lobbied government to pass this philosophy as law, and it did pass earlier this year, so now all plumbers have to do business this way. It's known as 'Joe's Fair Plumbing Act of 2008.' Surprised you haven't heard of it."

In spite of that, Obama tells Joe there's no way he's paying that much for a small plumbing repair, so Joe leaves. Obama spends the next hour flipping through the phone book looking for another plumber, but he finds that all other plumbing businesses listed have gone out of business. Not wanting to pay Joe's price, Obama does nothing. The leak under Obama's sink goes unrepaired for the next several days. A week later the leak is so bad that Obama has had to put a bucket under the sink. The bucket fills up quickly and has to be emptied every hour, and there's a risk that the room will flood, so Obama calls Joe and pleads with him to return.

Joe goes back to Obama's house, looks at the leaky pipe, and says "Let's see – this will cost you about $21,000." "A few days ago you told me it would cost $9,500!" Obama quickly fires back. Joe explains the reason for the dramatic increase. "Well, because of the 'Joe's Fair Plumbing Act,' a lot of rich people are learning how to fix their own plumbing, so there are fewer of you paying for all the free plumbing I'm doing for the people who make less than $250,000. As a result, the rate I have to charge my wealthy paying customers rises every day. "Not only that, but for some reason the demand for plumbing work from the group of people who get it for free has skyrocketed, and there's a long waiting list of those who need repairs. This has put a lot of my fellow plumbers out of business, and they're not being replaced – nobody is going into the plumbing business because they know they won't make any money. I'm hurting now too – all thanks to greedy rich people like you who won't pay their fair share."

Obama tries to straighten out the plumber: "Of course you're hurting, Joe! Don't you get it? If all the rich people learn how to fix their own plumbing and you refuse to charge the poorer people for your services, you'll be broke, and then what will you do?"

Joe immediately replies, "Run for president, apparently."

Comments(9)

Jeani Codrey
RE/MAX Corridor - New Braunfels, TX
Director of Opportunity & Agent Development

I love it!  I am not sure why people cannot see that these tactics are a bad idea!  Thanks for sharing the parable!

Sep 17, 2009 02:34 PM
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

No kidding!  Good story - now if you could just get more people to understand it.

Sep 17, 2009 02:42 PM
Hugh Krone
Weichert Referral Associates - Hamburg, NJ
Realtor, Sussex County NJ

Ted,There is usually alot of truth in satire and surely in this case.

Sep 17, 2009 03:07 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Ted,

Of curse, it makes you smile. What I like, however, is  that it is done with class, no screaming and name calling... Humor does not necessarily be vulgar. It is nice to see just that. Thanks

Sep 17, 2009 03:19 PM
Mike Saunders
Retired - Athens, GA

Ted - although I have seen this before it still made me smile, just like rereading a good book, or rewatching a good movie.

Sep 18, 2009 12:18 AM
Broker Nick
South Florida Real Estate & Development, Inc. - Coconut Creek, FL
Broker Nick Relocation Broker Service

Ted - Thanks for sharing this thought provoking satire that always brings a smile to my face, but saddens me because it is so true. That is the reason it is called a parable.

Sep 18, 2009 12:22 AM
Matt Yogerst
RE/MAX Realty 100 - Menomonee Falls, WI
Metro Milwaukee Real Estate

That is why I need to charge people 10% now... because of all those SS I do where I only get 4%... haha

Sep 18, 2009 02:55 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

I haven't heard this one before...and yes it made me smile...I would have laughed out loud if it wasn't so true.

Sep 20, 2009 07:25 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Ted:  Cute story.  Their just HAS to be something wrong with it, but I haven't found it yet... dammit.  LOL.

Sep 21, 2009 10:16 AM