41 % of consumers are not spending...who said that?

By
Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

This was reported on CNN. 

This was reported by a CNN survey that many families do not view the tax rebate stimulus package as spendable income but money to cover necessities!

I actually do not know how most young families make ends meet based on the economic changes of everyday living requirements and costs.

Many in the real estate business are having a very hard time...but when you consider the fact that families are at a break even or losing ground with their budgets, it is no wonder foreclosures and home sales are off.  They should be.

We have to identify the marketing issues we face and those of our clients and buyers and refine our methods to meet the new market challenges.  I am doing fine...and I thank God he has blessed me with the opportunity to represent sellers and buyers everyday.

Many of the retailers are counting on the consumers to spend their rebate money from the stimulus package...they be waiting a long time, is my guess.  Most are going to spend it on daily living needs.  Some will buy a new TV and others will stick it in a bank account to save for that new home.

Me, I will probably spend it on marketing our company.

How are you going to spend your stimulus money or are you putting it in the bank?

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If you live in FlexIt Realty LogoMichigan and are thinking of selling your home or your listing has expired give me a call or drop me an email for a personal and confidential review to develop a marketing program to meet your needs.

Call Toll Free: 877-669-4699  Email: garywhite@grar.com Visit our Website to download "Free" or 30 Reports that could save you thousand of dollars in your next real estate Transaction.  Website: www.FlexItRealty.com

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Rainer
304,164
Cynthia Tilghman, Realtor® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC

Hi Gary,
Mine will probably go into marketing, I've not done as much lately as I would like too.  It's tough time for most people and until this fuel situation is taken care, it will continue to be tough in my opinion.

May 11, 2008 08:45 AM #11
Ambassador
326,394
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

I don't see everyone spending their money on things like large, flat screen TVs. I think people will pay off bills / debts, etc.

I could be wrong, though.

 

May 11, 2008 02:25 PM #12
Rainmaker
424,950
Eric Kodner
Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes - Minnetonka, MN
Wayzata Lakes Realty: Twin Cities, Madeline Island

In the course of prospecting and speaking with homeowners about listing their property, I've met a significant number of people lately who are paring their household budget to the bone, not spending, taking a second (or third) job and so forth.  Until government and society work together to take some of the pressure off the backs of the middle class, consumers not spending will continue to be a problem.

May 11, 2008 02:32 PM #13
Rainer
340,913
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Oh Gary, you've been reading my mind.  To a person, everyone that I have talked to about this says their check/s will be going to neccesities and not luxury spending.  Added money to the grocery budget, gas budget, school clothes budget, etc.   Why?  Because the spending dollars we once had even just a year ago does not go very far at all.  People are finding themselves juggling more and more each month.

May 11, 2008 10:54 PM #14
Rainer
139,927
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL

Mine will go towards home repairs/updates! Investing in my real estate to reap rewards in the future.

May 12, 2008 12:46 AM #15
Ambassador
1,119,351
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

I believe many people will use it to buy gas, food, or pay bills.  I don't think many will spend it frivolously on a large ticket item

May 12, 2008 10:21 PM #16
Rainmaker
1,524,488
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Like most my check will go into my business and every day expenses...no luxury item here. Perhaps a new cell phone but that is business!

May 14, 2008 06:19 AM #17
Rainmaker
50,938
Micheal St. Peter
The Bayshore Group - Traverse City, MI

Mine will go towards gas $4.00 a gallon and rising, it seem to be the only thing that I spend money on these days.  

May 14, 2008 07:39 AM #18
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Tracy, I continue to advertise and spend on advertising as well and am doing well and my agents are closing sales too....you have to spend but the properties have to be priced right to make it worth the effort.  Thanks for your comments Tracy.

May 15, 2008 12:55 AM #19
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Vicky, I looked at the Preis as a third car....just could not go there yet and the waiting list is two months in our area.  Thanks for you comments Vicky...are you one of those that sneaks between the pumps and says.....WOW bet that costs alot to fill! :-)

May 15, 2008 12:58 AM #20
Rainmaker
189,705
Clint Miller
Real Estate Pipeline, Inc. - Missoula, MT

Mine went right to savings...that way, if this situation gets any worse, I have something to fall back on when gas is $7 a gallon...

May 15, 2008 12:59 AM #21
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Cynthia, the fuel issue is hitting many Americans...they are starting to have to make a choice between food and gas....not a great choice for anyone.  I do not know how young families are going to make it.  Thanks for your comments Cynthia.

May 15, 2008 01:00 AM #22
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Kirk, I think they may have looked at a luxury item before the gas hike but now it may cause people to rethink their position and spending habits.  Thanks for the comments Kirk.

May 15, 2008 01:01 AM #23
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Eric, there is pressure on everyone to be more responsible in their spending habits and elective choices.  Thanks for the comments Eric.

May 15, 2008 01:03 AM #24
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Kris, I think the same way your friends and clients are sharing with you.  It is not going to be "mad" money or extra cash to spend freely.  Thanks for the comments Kris.

May 15, 2008 01:05 AM #25
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Russ, that is bad news for the retailers...they were counting on lose spending Americans to help keep them out of the red.  Thanks for your comments Russ.

May 15, 2008 01:06 AM #26
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Kelly, I have not read or had to many respond they are going on vacation with their rebates.  Thanks for the comments Kelly.

May 15, 2008 01:07 AM #27
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Gary, the check isn't big enough to stretch to cover all the needs of most families.  You may need a water hose....I understand the wild fires are going strong again.  I also heard they arrested someone for starting the fires.  Hard to imagine.  Thanks for the comments Gary.

May 15, 2008 01:10 AM #28
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Michael, In TC the gas will probably not get much cheaper this summer either.  Thanks for the comments Michael.

May 15, 2008 01:12 AM #29
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hey Clint, you have a ways to drive between showing too!  Montana is "open sky" country.  Thanks for the comment Clint.

May 15, 2008 01:14 AM #30
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