Let's Play The Real Estate and Mortgage Blame Game

By
Real Estate Agent with Florida Property Experts
Daytona Beach Real Estate Blog. Houses, Condos and Reports by Lisa Hill, "THE SMART CHOICE!"

house with poolWe all know real estate is cyclical. It always has been. It always will be.

So why does everyone seem so surprised that the market is down? And why are we so quick to forget the old adage "If we don't learn from history, then history is bound to repeat itself"?  This may be the first time you've experienced real estate-related negatives, but it's definitely not the first time it's happened. And unless you've been living in a cave, you knew that.

But this post is not about the real estate and mortgage market problems. This post is about finger-pointers, whiners and complainers. (All my favorite personality traits... NOT!)finger pointing

How do I feel about the finger-pointers, you ask? Well I'll be happy to tell you. I place them in the same category as politicians. They're bottom feeders... the lowest of the low. Since when does finger pointing and trying to assign blame ever solve anything? (Try telling that to the politicians.) What purpose does it serve, other than to stir the pot? I would blame the media too, but they're only reporting what sells. If there weren't so many bottom feeders, the media would have to report differently. But apparently  the majority likes to point fingers, gossip, place blame, and make excuses for their actions. For everyone except the unfortunate buyers who bought at the wrong time or experienced unpreventable happenstance, how about just a modicum of responsibility for your own actions? We all make mistakes. (I've made plenty!) That's life. People with enough character to say "I made a mistake" are the ones who have my respect.

And here's a reality check. Gossip is a sin! Oops. Did I just step on another fragile ego? You weren't going to try to rationalize and make excuses for that one were you? Don't believe me? Look it up. Romans 1:28-30.

I'd like to hear less complaining and more solutionizing (new word!). I just want to say "ENOUGH ALREADY!" "Grow up!"

When I was in management I had a rule. When my agents came to me with a complaint, they also had to present a possible solution. I may not have used their solution, but it forced them to think all the way through the situation, instead of just dumping it on me, then blaming me if they didn't like the outcome of the problem THEY helped to create! It nipped the whining in the bud! As a matter of fact, that one rule cut down on a whole lot of stupid decisions in the first place. It placed thehouse accountability squarely on their own shoulders. And it made them better agents!

As for the crappy real estate market, I'm on board with those who say we should let the real estate and mortgage markets correct themselves... (Janet Guilbault, Here's a Concept: Let's Do Nothing About the Mortgage Crisis) It has always corrected itself in the past. Yes, some people are going to lose their homes and have to rent for a while. Aside from that, credit can be re-built. Money can be re-saved. We're only a few days past Thanksgiving. Have we already forgotten why we should be thankful? Or did many people never leave their shallow prisons they call their lives, to count their blessings in the first place? We can always choose to be thankful for what we have, instead of focusing on what we don't have. But that goes against the image that U.S. corporations want us to buy into...IE: If we don't have the best name brands, the most expensive cars, the fanciest houses, the highest incomes, etc., then we must be inadequate. Come on! They've brainwashed us into debt!debt

If you really want to point fingers, you need to go further back. Go back before the subprime mortgage glut. Go back before the teaser ARMS. Go back before the interest-only loans. Start at the point when you first started believing what you saw on TV; when you started competing with your friends and neighbors; when you started believing the surface glitz of Hollywood. THAT is the starting point of this mess we call the U.S. And that is what led us so far down this path in the first place.

Now the question is, are we going to learn from our mistakes? Or are we going to keep repeating them?

(I think I'm reading too many posts by Evil Rich. I'll try to bring friendly Lisa back tomorrow.) 

*Hand photo- Public domain by www.LogoDesignWeb.com  

Lisa Hill real estate agent

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Rainer
137,413
Rich Kruse
Gryphon USA, Ltd. - Columbus, OH

pARKED IN 1ST PLACE.  GOING TO GET BEER AND RESPOND....

Nov 26, 2007 01:24 PM #1
Anonymous
Pam Erickson

No, we do not have to point fingers.  But we certainly must be aware of the source of the problems in order to assure ourselves (and the public) it does not happen again.

I think they call this History 101 in the classrooms.  Learn from the history so the mistakes are not made again.  Very important lesson. 

Nov 26, 2007 01:30 PM #2
Rainer
33,344
Dan Gobis
Re/Max Newport Realty Corp. - Racine, WI
Check out the article on Inman News November 20, 2007 by Marc Davison titled "The Real Estate Blame Game". Here's the meat of it, in my opinion anyway:

"John Burroughs once wrote that a man can fail many times, but he isn't a failure until he begins to blame someone else. By that measure, we are involved in a community failure. By assigning such power to the media we've assigned an equal amount of weakness to ourselves.

There is no conspiracy in the media. No cabal. No calculated destruction. I know of no summit that has taken place where editors gathered to declare a jihad on real estate. The victimization we are experiencing is self-induced, a product of our own failure to offer a countervailing force of opportunity.

If the media canbe blamed for anything it's their penchant for sensationalizing. But the only reason real estate is victimized by this is because, unlike other industries that are scrutinized by the press, real estate does little about it. Yes, you will say, "NAR has spent millions on ad campaigns to get buyers off the fence and highlight the opportunities that abound." Put yourselves in the consumers' shoes for a minute. Are ads like that really doing it for you?"

How true!!

Nov 26, 2007 01:36 PM #3
Rainer
137,413
Rich Kruse
Gryphon USA, Ltd. - Columbus, OH

Ok.  Beer in hand I comment.

First of all, nice laying some blame on Evil R.

I have a pretty standard line for folks who complain.  "I didn't stick a gun in your ear and force you to do it! Don't blame me!"  That comes right before "No, that's illegal / unethical and I'm not doing it".

I think your policy of no bitching without providing a possible solution is a great one.  It is tough to manage people effectively.  Good for you.  I could take a lesson.  My style is more "no blood, no foul".

R

Nov 26, 2007 01:51 PM #4
Rainmaker
595,563
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
Rich- It's all Evil Rich's fault! OK, not really. I actually started this post last night and it was a full-on rant! And it was prompted by someone in particular but I won't mention who. That would be pointless finger-pointing... wow... what a cool contradictive term.... yes, I'm easily distracted. Anyway, I had to do a lot of re-writing before this was ready to post. And "no blood, no foul" sounds about right =P  My way got the agents to help me do my job though. Woo Hoo!
Nov 26, 2007 02:25 PM #5
Rainer
137,413
Rich Kruse
Gryphon USA, Ltd. - Columbus, OH
I'd like to see the first draft (private, of course)
Nov 26, 2007 02:31 PM #6
Ambassador
1,092,175
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
Exactly! My cup is half full Lisa...and I am very thankful for what I do have. My husband always says....there is always someone worse off than we are...that is always a reminder (like that post of BB's with the starving child)
Nov 26, 2007 02:42 PM #7
Rainmaker
595,563
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

Rich- Sorry. I typed the whole thing right here and getting editing and re-saving. The old stuff is gone. You're such an instigator!

Sally- That photo was absolutely heart-breaking! I actually posted a video to my You Tube channel with the links to several Rainers suggestions of where to help. Rocky Turner even showed up to comment on my video =) 

Nov 26, 2007 03:52 PM #8
Rainer
137,413
Rich Kruse
Gryphon USA, Ltd. - Columbus, OH
I have started writing in Word.  Too many times has the system lost my stuff after a lot of thought.
Nov 26, 2007 10:39 PM #9
Rainmaker
1,563,364
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County
Lisa - Excellent post. I like that word "solutionizing." May I use it? This is not the tme to point the blame but for some, it makes'em feel better about themselves!
Nov 27, 2007 02:28 AM #10
Rainmaker
595,563
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
Rich- I just save as a draft, frequently. I've tried doing it in other programs but I always end up back in edit mode.
Nov 27, 2007 04:23 AM #11
Rainmaker
595,563
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

Gary- It's my word and you can't use it! j/k Maybe I should copyright it.

rock on

Nov 27, 2007 04:31 AM #12
Rainmaker
325,921
Esko Kiuru
Bethesda, MD

Lisa,

Up to now just about everybody even remotely involved in real estate has been blamed for the mess. So it means everybody is to blame. And from that you can say it is the marketplace we live in. It's normal. It'll happen again. Good reminder.

Nov 27, 2007 04:50 AM #13
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Rainmaker
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Lisa Hill

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