The Jitters... Do you have them?

By
Real Estate Agent with RE/MAX Realty Center

With the ever increasing trauma in the financial world, there are more and more individuals who are beginning to panic.  They are pulling their money our of the market with standing orders to sell all of their stocks.   At least this is what national headline news is saying.

It is true that there is more concern and panic in our economy than we have had in a long while.  Another announcement is that GM may be filing for bankruptcy.  Just heard it 5 minutes ago.

I have always been a very staunch supporter of the free economic system.  Supply and demand economics will always work themselves out and will insure a balance of price, quantity and quality.  Well, that was the plan.  Seems that over the past several decades, we have tried to manually adjust some of the key areas of this supply and demand equation.

Now, I am not an economist and am not trying to stir emotions to the point of boiling.  I am only reporting what I am hearing so that I may better understand just what is happening.

With all of the scare in the stock market, doesn't it make perfect sense for anyone you talk to to once again look toward real estate as a safe, long term way to save money.  Granted, the real estate value has eroded along with stock prices.  Or have they?

When companies like GM announce they may file for bankruptcy, what does that do to the piece of paper that has your name on it and reads, One Thousand Shares of General Motors Corporation.   Par Value, $25.00?  If you said that it is worth the paper it was written on, you are right.

Now, take that home that was purchased in any town USA.  Your property is tangible.  It is real and yes, the value has been on the decline.  But, it still has a value.  If you are not forced to sell due to other financial hardships, that real estate will have value today and in the future.  It is a safe investment.  We got ourselves into a real jam with the greed and availability of home ownership, just as with other avenues of investment.  But with real estate, there will always be a value.  Something.

I know that for a long time, we allowed ourselves to be lulled into thinking that real estate will always be worth more tomorrow than today.  We now see that this may not always be the case.  We call this decline in values a Market Correction.  Just as in stock market terms. 

Market correction can be a good thing.  I know that it is hurting many people who have become overextended due a variety of reasons.  Always remember however, that we all need a place to live.  Our home will always have value.

This market has allowed many of us to once again re-connect with our clients, peers and circle of friends and family.  Not as a social gathering alone, but as a time to help, counsel and offer suggestions for a solid plan to get past this time of trial. 

If you take the time to help those around you in the area of expertise that you all possess, you will yield rewards that are not measured in currency alone. 

A piece of mind that we did our share to help get through this time of trepidation.

Good luck.

Larry Stanul

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Rainmaker
1,948,385
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Larry

I get those jitters after about 15 cups of coffee

Tom

Mar 06, 2009 01:50 AM #1
Rainer
16,702
Larry Stanul
RE/MAX Realty Center - Oconomowoc, WI
Larry Stanul

Thanks for reading Tom.   Miss seeing that smiling face around.  Hope you are well.  Talk to you soon.

 

Larry

Mar 06, 2009 01:54 AM #2
Rainmaker
294,435
Marilyn Harrell
ReMax Riverhaven - Beaverton, MI
Wixom Lake - Beaverton MI

The title of your blog caught my eye - There was this game called Jitters - I was very good at it and have been searching for it -  The game had playing cards with 1 to 4 words 3 or more letters long, a timer, and dice with letters. Set the timer, roll the letters, take a card - using the letters you rolled, write a word, if time, take another card - repeat, some are way harder than others - you must finish your card(s) and stop the buzzer, if you're still working on a card when the buzzer sounds, 0 points, if you stop the buzzer, you add the points of each card and that's your score. It can be a little loud, buts it's a lot of fun! I loved it! And there at so many points, who ever got there first, won the game!

Anyway, enough for fun and games, your topic is a serious one, and very well written - you make some excellent points - thanks for sharing!

Mar 06, 2009 01:59 AM #3
Rainer
16,702
Larry Stanul
RE/MAX Realty Center - Oconomowoc, WI
Larry Stanul

Thanks so much for reading.  I will look out for that game of yours.  Sounds like a lot of fun and a game that goes pretty quick. 

Have fun in everything you do.  Good luck.

Larry

Mar 06, 2009 02:03 AM #4
Rainmaker
70,314
Dean Curtis
Coldwell Banker Kittitas Valley Realty - Ellensburg, WA

Larry, Yes home prices have fallen, but my money is still on real estate. Like you point out, if all else fails, you still need a place to live. One thing I would suggest to folks is, stop watching so much news. Get to work, focus on your family, turn off the gloom and doomers.

Mar 07, 2009 08:17 AM #5
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