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Media induced paralysis or MIP

By
Education & Training with Independent Leadership & Financial Fitness Consultant

 I'm not a physician, but I'm going to venture and offer a explanation for those in our industry who are worried about the roof falling in on them.  Look, it's called MIP (Media induced paralysis), and the only way to avoid it is STOP watching CNN Market-watch, and stop hanging out at www.Mortgageimplode.com!

So here is the prescription to your troubles....

#1  Do not turn on CNN or read the standard hour of morning market updates.

#2  Simple cure is to pick up the phone and dial for dollars!

#3  Make sure you tell everyone possible that the market is great and that life will continue, despite the banks taking it on the chin.  We will survive!!

...

Alright, before anyone attacks me for not staying up on the market, as per a service to my clients.  I just wanted to point out that we all have various degree's of MIP, and no we cannot live or function in a total vacuum.  But the talking heads at CNN and other media outlets will alway lead with "what bleeds leads" mentality.  So it's our job to reduce the effects of MIP with simply focusing on the positive.  The next sale will not occur unless I get out there and get it!  It's simple, it's the American way....Now go do it!!

 

 

This message is brought to you by Doctor Karl Christen...of the Mortgage Feel Good Academy!!!

  

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Comments (3)

Kelley Eling
Fathom Realty Group - Sonoma, CA
Realtor Extraordinaire

Hi Karl,

I too am an optimist.  The Market is not a mysterious entity that we have no control over, The Market is us, you and me, our clients, human beings.

When everyone was buying, everyone else thought that they should buy too.  Now, while it's true that many people who wanted to buy already have, most people buy and sell homes because of major life-changing events that happen all the time, no matter what:

  • marriage or divorce
  • births or deaths
  • relocating to a new, better job

This too shall pass...  However, there are so many real estate licensees that the current sales volume simply cannot support them and much of the panic has nothing to do with the media but many licensees who are now faced with zero income.  (Many homes on the market right now are agent-owned.)

Oct 19, 2007 06:23 AM
Matthew Rosov
Amerisave Mortgage Corporation - Laurel, MD
Certified Mortgage Planning Specialist
Karl - thanks for the kick in the shins er I mean pants.  Folks are always getting loans, buying houses, refinancing, paying down mortgages.  We just need to stop blogging long enough to talk with people.  Sorry, meant I not we.
Oct 19, 2007 08:04 AM
Sal Poliandro - Helping People Win
RE/MAX Properties - Ridgewood, NJ
Broker Associate

Karl - Hahaha thanks for the uplifting post.  I'm trying to be optimistic.  Here in Bergen County, NJ home sales have not decreased that much at all.  How is real estate in your section of the country?

Oct 23, 2007 12:42 PM