The popular word today when it comes to politics, real estate or the economy is “Change”. It is a hard thing to argue with since regardless of the position you are now in change for the good is always an improvement; however, change is not always for the good. I could have just won the lottery and hope or wish for change in the tax laws, I could be living under a bridge and hope for a change in the weather. So the broad and all encompassing word is one that resonates with anyone regardless of their position. A clever term when it comes to politics or anything else since we assume the change is for the better. However, change does not always present itself in the vision that we assumed. In real estate the change could be a market correction, which is also good if the market was weak but in a strong market, it would be bad. In the economy change would take on the same sneaky move up or down position if the change is not defined.
So when we listen to the rhetoric of today, we have to ask for definitions of the change and how it will affect us. Good change is always welcomed, however two plus years ago the Real Estate market made a change that had some good, but for a lot of agents it was not good because of the sudden move and the depth of the correction.
We face some difficult days ahead but none that compare to those that previous generations have not seen and overcome. We need change but it has to be positive change and the economy is the root. For this Republic to sustain its dominance of all free society’s we need to address the rising debt and part of that debt is the result of the sub-prime market and its effect on Banks. Although I don’t totally agree with some of the things we have done to remedy this problem, I defer my opinion because there are those more informed and wiser that have decided that a sort of Government bailout is in order. We will have a new Treasury auction and the majority of it will be used to shore up banks. Perhaps the next one will be to shore up Realtors!
So I guess the point that I am trying to make is that we are taking a mortgage on our future but it is probably one that needs to be taken. However, if the new Congress and President do not address such issues as Oil Dependency, Line Item Veto's, Wasteful spending, Health Care Cost and the falling Dollar, we will see a decline in life as we know it.
I am confident that America will look hard at these issues over the next 7 months and in November make a decision that will propel us into a new era. That is an era of less government and more entrepreneurial enterprise. The Real Estate Market is starting to move in the right direction and will lead the charge of those that care and care deeply enough to change things but change them for the better because of what the people you vote for reflect your desire. That is an outcome I can live with and hope for because I believe in a system that is run by the people and not the government.