Assuming he hasn't wrote it as of yet, I got a dollup full of inspiration the other day by Mr. Scott Geary. We like to share stories, experiences, & idealogies on the lending industry both now and before. While Scott's knowledge and experience far exceed mine, I'd like to think I have a bit of something to add to the equation. And if and when I don't, Scott probably just pets my ego and laughs internally:-)
A recent conversation created a quote. The quote, while I'd guess has been said before, was a REAL eye-opener for me. "If you are walking through the desert with $15.00 to your name and come across a cup of water that costs $15.00, you'll buy it because that is how much it costs. At that moment, that's the only game in town for your specific situation."
It went something like that, I'm paraphrasing that quote at best. Yet, what I took away from that was something that may be ugly ... but seems very true. That's the reality of Capitalism and I'm pretty content with that at the end of the day.
While it sometimes seems unfair, unjust, less than ethically human, that is the game. Most of us play it, win or lose, each day of our life. How we play it differs, but it is played.
Consumers, aren't we all, can learn something from this in my estimation. So can any Professional involved in a Real Estate Transaction! The Art of Debate 101 = know the other side before you get there. Education & Conversation will continue to go a long way in making sure that happens. They always have.
There may come a time when I'm walking through that desert, trying to quench the very thirst that sustains life. And when I come across that cup of water costing $15.00, I hope to have a canteen in my back pocket and continue walking right on by ...