Everyday some poor sap of a real estate agent is in the media trying to get us to believe that the market has turned and good days are just around the corner. They quote numbers of prices being up 2% from last year and just ignore that that was down 30% from the year before. Everyone of them claims to be really busy, so why do they need to protest so much and why do they seem so desperate. They may be busy, but they aren't making much money that is for sure. A look at almost any market in the USA shows the most important statistic for any broker just sucks...not price...liquidity. No transactions, no money.
My dog Suzie just had to have her leg taken off because of cancer. If we hadn't done this she was going to die. She moped for a few days but then just seemed to decide that she was now a three legged dog and was going to make the best of it. She now proudly skips everywhere and is swimming, chasing and loving life just as she ever did. She reset to the new reality and got on with it.
Of course if Suzie was a "Realtor Dog" she wouldn't have done this. Instead she would have looked at her stump everyday and then excitedly barked..."it's growing back", "it's growing back". If we could speak mutt that would have been OK for a few days but after it not actually growing back we would have had little choice but to ignore her or shove her in the garden.
As it is not legal in most states to put your Realtor in the garden or chain them to the fence, we have to try and hope they can get Suzie's message metaphorically. Stop looking to the past to predict the future. Stop telling us that the old price is coming back, we know it isn't, we read the papers. Instead, adjust to the new reality and tell us what is really going on now. Be informed, not just about around the corner but around the world. Don't tell us prices haven't gone down if virtually nobody is selling anything. Be different. We don't need promoters any more just like we don't need Palm Pilots or Hummers. We need experts not bullshitters.
Real estate agents. Be honest. Which are you?

Friday, July 30, 2010
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