What happens if it's the only game in town?

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Services for Real Estate Pros with Auto & Home & Life Insurance throughout North Carolina

Perhaps it is time to live again ...

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 ...

 

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Rainmaker
212,683
Jennifer Monroe
Savvy + Company Real Estate - Charlotte, NC
Real Estate REALTOR®/Broker in Beautiful Charlotte

Beautiful sweetie. And perfectly expressed. I LOVE this song and that movie and the very open minded and thoughtful author of this wise post :)

I believe in the power of the individual as much as the power of the collective. We can play the game, change the game or cheat at the game. But we can only do so if the other players let us get away with it. As you say, this IS the only game in town. It isn't hard to figure out that those players who fare the best show up prepared.

MWA & FWA!

May 31, 2008 04:53 AM #5
Rainmaker
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Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!

Jason, this is one of those classic songs that I've always enjoyed but didn't know who recorded it.  You learn a new thing everyday. :)  Your observations about 'the game' are insightful.  Some of us spend a lot of time re-writing the rules, but when it comes down to it...we're still playing the game aren't we?

May 31, 2008 05:04 AM #6
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Jason- It is so interesting how each person who reads your post comes away with a totally different view of what they just read. We walk down the same road, see the same stop sign but two people will describe that stop sign totally different.

I love capitalism. I am proud to be an American Capitalist. I could take that same cup of water, but it for $15., repackage it into smaller size cups and sell each ounce for $5 and make a profit:) to the thirsty passer by's that are not prepared and have not filled their own canteens.

We need to have more youth capitalists. Unfortunately schools these days do not teach capitalism. They should have Robert Kyosaki's course of Rich Dad Poor Dad and Cash Flow Quadrant taught in schools instead of teaching kids to grow up, get good grades, get a job working for someone else, just over broke and then become leaches on society rather than producers for society.

May 31, 2008 06:15 AM #7
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Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

I guess what I'm carrying away from this is that we need to live in, and adjust to the reality of here and today... doesn't matter if life is cheap and easy elsewhere... we aren't elsewhere. 

May 31, 2008 06:33 AM #8
Rainer
168,035
Matthew J Blum - (retired from the business)
Palm Beach Gardens, FL

Jason, Great post. Sorry I have not been around lately I have been busy outside my blog..:-)..

May 31, 2008 07:10 AM #9
Rainmaker
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Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Not sure what is meant here except that maybe we have to take what curves life sends our way and make the best of it.  But we do have options and hope to choose the best one.

May 31, 2008 09:25 AM #10
Rainmaker
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Audrey June-Forshey
RE/MAX Realty Services - Darnestown, MD
GRI, Gaithersburg, MD

I am with you.  I am keepin' a canteen in my back pocket.  No matter what happens, we will have to adjust to and roll with the punches.  Bitchin ain't gonna fix it, we gotta bust a move!

May 31, 2008 10:19 AM #11
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Jennifer - You are very good to me my dear, for better or worse;-)

Lola - I do believe we are. 

Katerina - You are very right, interpretation is an interesting thing.  Though, I should say, if you are walking in that desert alone and see that cup of water for sale, I'd bet you are more inclined to drink it than fine tune your skills in Capitalism.  Then again, I could be wrong.  I agree with you 100% on the Education thing.

Lane - Bingo!  You are a smart cookie:-)

Matthew - So I've heard ....

Barbara - See Lane's comment, though I think you deciphered it quite nicely.

Audrey - You had to do it, didn't you?  Ok, this is for you!

 

May 31, 2008 11:37 AM #12
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Jason, I hope you not only have a canteen but also the $15, then walk by. That will cause your chin to raise up a bit. What do ya think?

May 31, 2008 02:31 PM #13
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

William - I think that is pretty ideal ... but not the real of what is going on.  My chin is raised, my hands are clenched ... my soul is sullen.  After some rain comes a rainbow ... I travel accordingly.

May 31, 2008 02:40 PM #14
Rainmaker
212,683
Jennifer Monroe
Savvy + Company Real Estate - Charlotte, NC
Real Estate REALTOR®/Broker in Beautiful Charlotte

Hi baby :)

May 31, 2008 02:47 PM #15
Rainmaker
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Audrey June-Forshey
RE/MAX Realty Services - Darnestown, MD
GRI, Gaithersburg, MD

Jason, we just got in from dinner party and my husband and I cracked up!!  Thanks!!  So, who's the dude with the cat, and what song are they dancing to?  Loved it!  Hi Jen Jen!

May 31, 2008 03:03 PM #16
Rainmaker
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Jennifer Monroe
Savvy + Company Real Estate - Charlotte, NC
Real Estate REALTOR®/Broker in Beautiful Charlotte

Hi My Audrey!! MWA!!

May 31, 2008 03:05 PM #17
Rainmaker
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Suzanne Sands
Pavao Real Estate - Somerset, MA
Somerset MA Real Estate

Hi Jason,

I don't go anywhere without my canteen...you never know!

Audrey...you just had to do it didn't you! ;)

 

May 31, 2008 03:57 PM #18
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Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Jason, very appropriate way to put it. From the real estate perspective, when there are few homes, the buyers settle for less and are not as picky. When there are a multitude of homes, they are picky so the homes less desirable that would have been sold because of a lack of homes in their price range are now sitting.

May 31, 2008 04:19 PM #19
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Jason, ah you are a smart man to defeat the laws of supply and demand with.... drum roll please... change and adaptation. I was thinking of maybe cutting open a barrel cactus and partaking of the liquid inside and keeping my $15 thank you very much. Just look at escalating gas prices. Something has to give. Hydrogen cars, hybrids, something will happen. It's called for all who are not old enough for history.... good old American innovation.

May 31, 2008 04:28 PM #20
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Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

As interest rates climb and mortgage brokers and real estate agents leave the business, there is this slowly happening. The fewer the choices you have and the more you may have to pay to get the service you expect. There have and probably always will be discounters, but you may not get the full "Glass of Water" you thought you were getting, you maybe just getting the glass.

May 31, 2008 05:21 PM #21
Rainmaker
56,569
Patrick Canavan
Keller Williams Realty - Yorba Linda, CA
Orange County Real Estate Voice

Jason,  You should watch that program Man v Wild where is captures water in a black paper bag. :-))

Great post Jason.

PS

I will email you information regarding Green in the lending side.

May 31, 2008 05:32 PM #22
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Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Hi Jen;-)

Audrey - No clue and you're welcome!

Jen - FWA!

Suzanne - Yup, her fault.

Missy - That's a fact ... adaptation seems to be the word going around in our world these days.

Gary - Now that's outside the box thinking, I think I like you!

Todd - Well put my friend.

Patrick -  Thanks man!  I have watched that show a few times ... very interesting.  That guy IS a survivor!

Jun 01, 2008 06:19 AM #23
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Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Jason... I have been a little behind in the rain.... it's that damn business and I owe you two things for tomorrow... those 2 clients. 

In either case...  I am sure this happens in mortgage often. Example... I have a client that needs a FHA jumbo loan, $645,000.  His mid score is a 556.  I don't know of anyone that can go below a 580.  And the rates are the best with this investor, but there isn't another out there that could go that low. I know I was the only game in town, even though he had been talking to two other people... I could have made more than I will.... and as he was thinking, I played the market and lowered his rate 1/2% just in two days a few weeks ago...  and I passed it along to the consumer....  yes, I am still making something, above average... but not as much as I could have made, because he needs to do this and there is basically no place to go....

In any case, there is a great message in this post... that's if I am not too tired and read it correctly.  I see that this post applies to possibly 3 different scenarios in both real estate and lending... nice job.

jeff belonger

Jun 03, 2008 04:01 PM #24
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