The Sky is Falling The Sky is Falling...

By
Real Estate Broker/Owner with Phoenix Property Shoppe AZ Broker BR030809000
https://activerain.com/droplet/5kDB


The Sky is Falling The Sky is Falling...

 

The last week of August 2019 was a non-stop blah blah blah media craziness about the 'looming' recession.  Ridiculous absolutely ridiculous. There I said it, ok. And I have my reasons for saying how ridiculous the blah blah media blitz has been. I'm the type of person that deals with facts from multiple financial analysts that know and understand how markets work.  And I've been studying the markets for sometime, years actually. And naturally being a real estate broker, I keep abreast of the real estate market and trends in my area as well as national trends.  But please keep in mind - real estate is local, not national.

 

Let's start with the inverted yield curve. For Pete's sake an upside down yield curve for a few hours or even a few days does not denote a recession is imminent. Sure in the past, it has denoted a recession 'could happen' say 18 to 24 months out, but not always when there are other factors in the mix, like a stong economy. From my understanding, the reason the yield curve was inverted had more to do with A LOT of money coming into our country from the countries that have a negative economy. Of course they'd want to park their money in the U.S.A. market. That just makes sense. Our economy is strong.

 

I also heard A LOT of media folks creating a huge fire storm with the R word, over and over and over and over and over and over. You get my point.  Of course some folks are going to get all fired up and believe the big R is coming soon after all that blather. Some folks even suggested it's what the country needs to get rid of the current President.  Seriously,  you'd rather take down millions and millions of people financially for an election? Do you hear yourself?  I wonder about how all your viewers and subscribers would feel about that idea. Sure sign me up?  I highly doubt that. That whole idea is just nuts in my opinion. Thankfully the R word brew ha ha has died down somewhat this week - or so it appears. Let's let it.

 

My last last point is China.  China is a long game. It's taken 30+ years to get where we are with trade and theft of our intellectual property. I've often times wondered why on earth would some of the big corporations allow this to take place? For their bottom line of course. I know a number folks that have worked on big projects in China training people for years, and they thought the same thing.  I do know it's not good to get stuck in this crazy upside down trade and intellectual property place for another 30 years while we are losing billions a year.  It may take some time to get a more reasonable trade situation going on with China and I choose to let the process work itself through. It's complicated.

 

So what about the real estate market in Phoenix? It's going strong with lots of sales of both new builds and resell homes. In some areas the market leans towards a sellers market, in others it's more balanced between sellers/buyers market. It's very important to hire an agent that knows and understands the current market and trends in your area - no matter where you live!

 

My very last point.  This is not a political post. I repeat NOT a political post.  Whatever views you have is fine by me. I respect other folks views, kind the old fashioned way it used to be. And honestly I'd like to see respect along with civil discourse become the norm once again.

 

Thank You Debe Maxwell, CRS for this fantastic idea for an AR challenge Fall Challenge 2019 - Plan By Anwering The Difficult Questions.

 

 

 

 The Sky is Falling The Sky is Falling...

 

BTW the sky is not falling...

 

Posted by

 

Phoenix Property Shoppe
  

 

 

Anna "Banana" Kruchten
Designated Broker & Owner
CRB, CRS, GRI, CNE, SFR, CDPE, WLS


Phoenix Homes For Sale

 

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Anna Banana Kruchten CRB, CRS 602-380-4886
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Hey Jim Patton well of course you should move to AZ! Fabulous lifestyle, low prices and taxes and not all that craziness you guys are dealing with in CA. Next time you guys buzz over let's meetup for coffee!!

 

As for news outlets....there may come a time when they figure out they could be doing so much better by reporting the facts and stop with the drama kings and queens trying to make a name for themselves. So boring isnt it!!

Sep 06, 2019 03:16 PM #55
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Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

It's troubling how the MSM slants all news to their ideology and political correctness. I personally haven't watched a network news channel and quit taking the local newspaper for over 10 years.

Even the conservative cable news channel is heading in the direction of the MSM except for a few programs. There is so much fake news reported by the MSM, they have become untrustworthy and now until I get all the facts and confirm it's accuracy, it's just a bunch of non sense to me.

Today, the chairman of the FED announced that there isn't going to be a recession and he should know because he controls our nation's money supply. Super great post. 

Sep 07, 2019 03:19 AM #56
Rainmaker
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Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Congrats on the well deserved feature Anna! Well written and obviously spoken from the heart.

Sep 07, 2019 08:00 AM #57
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
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Someone in another area said they were tired of everyone demonizing the media because they report what we want to hear. Not entirely true, they report what their bosses tell them because bleeds = leads.

This is a perfect example of how we are manipulated out of critical thinking by empty talking heads. And we need to always question what we hear and see. Yeah. Reality is that skewed.

This is why we drink! LOLLL
And so . . . bring on the BLOODY!

featured in Bartender Make It A Double and yes, it's on me!

Sep 07, 2019 09:08 AM #58
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Good Morning Kimo Jarrett we're on the same page.   I haven't watched main stream media for years, nor do I read the paper. They are untrustworthy because it's clear as a sunny day in Phoenix they are 100% agenda driven and it's political. Period.  Yes I did hear Fed Chair say straight out several times, there is no indiction of a recesssion. Time to move forward and enjoy today!

Sep 07, 2019 09:45 AM #59
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Thank you Sharon Tara my goal was to write simply and understandable as it's a complicated subject. Many are relying on media news and those folks so don't understand financial implictions and factors. They are told exactly what headlines to spout off day after day...and many are after making their name standout. It's all about them.

Sep 07, 2019 09:47 AM #60
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Good Morning Candice A. Donofrio well looky here - are you now managing this fine group?  And just helping out Chris Ann Cleland !  Either way - welcome!! Nice to see your smiling face - always up to something fun!

 For too many years the media has been totally skewed politically in one direction and I guit listening to those stations years ago. They are welcome to their own ideas -  as are the rest of us!

 

As far as being manipulated by the talking heads - that is spot on.  Years ago a financial mentor of mine pointed out to me - notice the headline phrases on any given day, then turn the channel to another one and listen. Same phrase. And then try more channels. same talking phrases. That was an awakening!  There is one puppet master controlling the headlines and what they go on about day after day. Pretty easy to know who that is (or what). And those that follow them believe them hook, line and sinker. Facts, who cares about facts?   I do!!

Have a great Saturday!

Sep 07, 2019 10:01 AM #61
Rainmaker
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Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Well stated and I agree with everything. It's frustrating that the constant media barrage is so negative.

Sep 07, 2019 12:26 PM #62
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
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Margaret Goss thanks for stopping by! I think we're all (or most of us) very VERY tired of the constant barrrage of negativity. with the media.

Sep 07, 2019 01:11 PM #63
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
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Oh, too funny! My post is also about the sky falling! LOL I am just now getting to this and boy, you are SPOT-ON! The media's negativity is going to backfire on them - it's just a matter of time. I will say, the news junkies buy right into it and those are the ones that you REALLY have to educate.

Great post, Anna! I'm so glad you entered the challenge this month! 😘 

Sep 08, 2019 07:38 AM #64
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
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Love it!  The sky is NOT falling but the fear of hearing it will no doubt make the "newsies" out there react in some way.  Be calm and look at what's happening locally.

Sep 08, 2019 04:15 PM #65
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

You're a wise woman Anna Banana Kruchten CRB, CRS 602-380-4886! I could never imagine you pining over what the economists or the media have to say. I see you more enjoying life by the pool with family, Barney, and friends! 

Sep 08, 2019 07:53 PM #66
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Hi Debe Maxwell, CRS it's so easy to spot yet another false media story. I hear, quite often, how sick people are of the left wing media going so negative. It's crazy how out of whack they've gotten this past number of years. And of course I had to enter this one and put in my two cents...had to happen!

Sep 09, 2019 03:43 PM #67
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Chris Ann Cleland yup it's so all boring to me - crazy headines, ridiculous reactions - over the top and on and on and on. Let's hope they come back to 'normal' sooner rather than later. What happend to respect and civil discourse....

Sep 09, 2019 03:45 PM #68
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Anna Banana Kruchten CRB, CRS 602-380-4886
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Hi Patricia Feager, MBA, CRS, GRI,MRP Oh no I don't waste my time listening or watching any main stream media and haven't in years. I have long been into knowing and understanding what's going on in the markets - that's the geek in me lol! Economics was one of my favorite courses in HS and college!  Way more intersting to me than all that nonsense dribble of the far left media crazies.

Sep 09, 2019 03:50 PM #69
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
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I enjoy reading your thoughts and opinions Anna Banana Kruchten CRB, CRS 602-380-4886 

Sep 10, 2019 09:17 PM #70
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Anna I am back, so glad he did not soil your post with his defensive comments he posted on my rebuttal... I ended up replying to him but is is like watering your lawn against the wind.... ultimately ended up deleting my reply to him because he came back with a long even more defensive comment, Endre

Sep 11, 2019 10:49 PM #71
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Anna Banana Kruchten CRB, CRS 602-380-4886 I know what you mean about the Blah, Blah, Blah media spouting off with doom and gloom ahead especially when declaring there is an R ahead of us soon!

Sep 12, 2019 05:27 PM #72
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

I am not going to the R word or participating in the contest that is oh so negative...

Sep 13, 2019 03:34 AM #73
Rainmaker
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Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Finally getting around to commenting.  Busy times - which proves that the article is bunk.  At least for Arizona anyway!  Hope you're doing well girl - is it happy hour time again?

Sep 14, 2019 05:50 PM #74
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