Ahem:
I am rooting for an epic housing collapse, a disastrous recession, the collapse of the stock market, a complete replacement of our current partisian leadership, a questioning of our country’s current economic model, and a severe and historic financial meltdown.
Technorati Tags: blogging, real estate
keith says:
Now now Greg – it’s all about the context. But then again, you probably drive a leased lexus, shop every day at pottery barn, live in a depreciating toll brothers house, and basically are everything I rail against. I bet you have a GED as well, or maybe community college?
Here’s the whole post:
________________
This may disturb some of you. This may surprise some of you. This may disappoint some of you. But it has to be said.
After denying it for sometime, to you dear reader and even to myself, the truth is now clear. And you should now read this blog in the context of what I am about to say.
I am rooting for an epic housing collapse, a disastrous recession, the collapse of the stock market, a complete replacement of our current partisian leadership, a questioning of our country’s current economic model, and a severe and historic financial meltdown.
Period.
Before, I thought just a correction would do the trick. A cleansing of the debt-and-greed-fueled housing balloon we as a society created.
But I’ve come to the conclusion that will not be enough to right the wrongs and fix the problem, so that future generations will not be burdened with the current generation’s misguided and self-centered ways.
Pure and simple, I want Change (with a Capital C), and I now feel that only an historic financial meltdown will create the environment where Americans wake up from their current slumber, and call for new leadership, new thinking, and above all, change.
Something went awry in the US over the past decade. Something changed, with our government, our system, and our collective conscious. And this change was not for the better.
Greed overcame and infected so many of us – the idea of getting rich without working, and an overwhelming need to consume, consume, consume. We no longer worked for the benefit of our common man – we worked only for ourselves. We said “screw the next generation – I want mine, and I want it now!”. And we went on a debt-fueled orgy of spending, never stopping to look at the bills coming due, and never stopping to think about the repercussions.
Now, dear reader, it’s time to stop. It’s time to pause, and consider where we went wrong, and above all, how we can fix it.
So, in conclusion, the fate that awaits us, this cleansing of our ways and of our system, in the form of an epic real estate market and financial collapse, in my simple opinion is a fate of necessity, and will serve as a catalyst for needed Change.
And away we go. Good luck to all of you, and know that I believe that we will come out of this stronger, wiser and determined to Change.
September 8, 2006 — 7:20 am
PHX seller says:
I don’t think things will be as bad as Keith thinks they will be. The problem is it is hard to think about. It is a lot easier to stand back and think everything will be all right. Prices will go up or remain the same. We may have a slight dip but it will bounce right back. This seems a lot easier.
An educated individual would not buy property in phx right now. I mean not buy anything. I am sure there is that 1 out of a million situations to buy but the mass majority should not.
An educated individual realtor would tell anyone to buy. They may even give you 21 reasons to buy. I think that is a major credibility gap. To comment as a realtor on when it is time to buy is a joke. It is always time to buy.
Try this statement out if you can. Over the last 10 years there have been good times to buy and good times to sell. Right now it is a good time not to buy and a very desperate time to sell.
What happens is they realtors take the side of the transaction. They enforce the “lower the price to sell” format. This creates realtor revenue. It is logical but not beneficial to the client who is buying. The buyer is processed by the realtor as a car payment not a client.
No realtor has any credibility at all if it is always time to buy. By not stating the dreadful housing situation as your main point you are not working for your client. You are just a paper pusher who value is based on how good the air conditioner is in his car and the coffee in his office.
If you have any balls or ethics why not try something like the truth. I am a realtor and I would rather have a relationship instead of a victim. My professional opinion is that you should not buy in this market right now. I know of a ton of properties you can rent for pennies on the dollar. When the time looks right I will let you know it is time to buy.
If you make the above statement you will not be a good realtor but you will be a good ethical person. In the long run this business model should work. The problem it usually doesn’t. Realtors take the transaction over the ethics every time.
The question, are you an educated businessman who can express an honest opinion that can benefit a client? Can you explain to the client the reality of the market and avoid selling just for the transactional income? Or are you a realtor.
September 9, 2006 — 4:36 am