Bad News? Or Not So Bad?

By
Home Builder with Retired

Bad News? Or Not So Bad?

In This Post

It's not all bad, folks.

I read in the newspaper everyday about bad news in the housing industry. The numbers from last year (a bad year, by the way) were better than this year. And last month was better than this month. Well throw another log on the fire, if you must. The country's housing market is not what it was from 202-2007 and it won't be, ever again.

We all know the old real estate saw about location is everything. So take a minute and think about where you live. Are you in a location swamped with foreclosures and short sales, or are you in an area with a somewhat stimulating job growth profile? Either way, what are you doing about it?

Mowing the lawnIf you live in the first type area, an area not doing so well, most people, I think, are just putting their heads in the sand and muttering, "I wish someone would do something about this." But some are actually going to work and helping to improve those neighborhoods on a local level. Neighbors getting together and mowing lawns of vacant houses is one way. Buying locally to help stimulate small company growth is another.

If you live in area type number 2, what can you do? First off, you can talk positively about your neighborhood and your city. You can encourage neighbors who are in a funk because of continuous bad news from the press to continue sprucing up their homes. It's not about making big bucks in the housing industry, it's about pride of ownership.

Another thing you can do is encourage renters you know to look into buying a home. Homes are more affordable now across the country than any time in the past ten years. Home prices are low and interest rates are way low.

And, because there are renters who will never buy, why don't you look in to picking up a nearby property so that some of these renters can help you pad your retirement by buying a property with their rent checks to you.

No matter where you live, if you have bad credit, start working to improve it. If you have good credit talk to a real estate professional. Don't think about buying to make a quick buck. Think about buying for long term gains, a significant tax write off, and quality of life.

Posted by

 

 

 

 

Glenn Roberts
Retired

 

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Comments (11)

Simon Mills
Mills Realty - Toluca Lake, CA

With a good positive attitude you can put a positive spin on any bad news.  Good for you.

Aug 25, 2010 06:10 AM
Young-Jin Yang
Keller Williams Realty - Lake Balboa, CA

Very well said. I do that in my farming. Community Cohesion is key.

Aug 25, 2010 06:21 AM
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

That is what I am talking about, bad news is still information, information we can use to adjust how and what we are doing, reporting bad news does not mean one is being negative, the numbers are there, they are real, knowing them is better than sticking ones head in sand, well said Glenn

Aug 25, 2010 06:24 AM
Glenn Roberts
Retired - Seattle, WA

Simon - working with buyers and sellers is good business. Hanging with pessimists is fine for slackers.

Young-Jin - Localism is the key. One small area at at time.

Gerry - Each one of us can't do a lot, but if each one did a little, there would be gig gains made. It's not the consumer, it's those who give the consumer news and information.

Aug 25, 2010 06:56 AM
Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor, Representing Buyers and Sellers

Nice post, Glenn. I’ve shifted my spending habits to target making purchases from my local merchants.

Aug 25, 2010 08:54 AM
Glenn Roberts
Retired - Seattle, WA

That's what gets things started. Farmers markets are one thing. Small shops are another.

Aug 25, 2010 03:11 PM
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Glenn, I like this. We can emphasize the positive, no matter what the situation may look like in our neck of the woods, because changing our perception is a major part of making things better.

Aug 26, 2010 04:44 PM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Glenn,

You are absolutely right.   I cringe when I read something that doesn't put forward Oklahoma's best qualitiies and in particular my Southeast Oklahoma. 

Accentuate the positive...

Thank you so very much for all the commenting and reading that you do on my blog.  You are appreciated!

Aug 27, 2010 12:55 AM
Glenn Roberts
Retired - Seattle, WA

William - There's no sense walking around and talking like our best job is digging out cesspools.

Judi - There is a lot of good going on everywhere. Let's make note of it.

Aug 27, 2010 02:39 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Great advise! If your credit is bad or lacking, work on it and make better by all means! Don't wait for the government!

Aug 27, 2010 08:59 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

We seem to be in year two of a real estate recovery here. We had a bump in February and July, but generally sales have been steadily increasing since February 2008 and prices have been steadily increasing since February 2009.

Aug 31, 2010 02:49 PM