(Note: My first post I had the numbers wrong - Blogging too early again!) When you see news story after news story about the stimulus package being debated right now - a little perspective comes to mind. If Housing was truly the issue here, then why not just pay off a portion of every mortgage in America? According to this site, As of 1999 there was about 6 Trillion in Mortgage debt outstanding in the US. I assume it is around 8-9 Trillion today. If we are considering a $900+ Billion stimulus - why not just pay off a portion of the debt? Because it WILL NOT SOLVE THE PROBLEM! Granted, a lot of people are in trouble right now. Job losses, purchasing way too much home, tight credit, over extending - all real issues for people today - but all part of what we call the free market.
As painful as it is to everyone - trust me I feel it too as a Real Estate Broker - it is part of a cycle to help keep things in balance. The housing bubble is called a bubble because it was not sustainable - it has to burst. These cycles give everyone a chance to make it. If we never had bust cycles then the Haves and the Have Nots would never change. It times like these that new innovations are made, new industries, new ways of thinking. If everyone is fat and happy all the time - no innovation happens!
So - look to the positives right now. Be closer to family and friends. Learn something new. Try something in a different way. The crazy attempts by the government to stop this economic downturn may or may not work - but in the end it's what has to happen. The government needs to try to save us from ourselves. We need to take stock in what is important in our lives. You get one run in this life so make it count. Up or Down, it doesn't truly matter if you stay positive and enjoy life.
As Realtors we know this will pass. It may be painful, and it may seem like it is going on forever, but good times are around the corner! Focus on what you can control and turn CNN off for a while - it makes the day seem better!
A New Direction In Real Estate
Jeff Martel | Broker / Marketing Director
208.327.2103 Voice | 208.327.2104 Fax
http://www.43re.com
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