A week ago they said home sales were down and the recession was continuing, this week they say home values are up and showing signs of bottoming out. Well, well, well,,, Let’s just confuse the public. It’s not that we, as the public, don’t understand home sales going down is bad right now and home prices going up is good, but it’s the later; Are we or are we not at the bottom. Not to get over personal, but my checkbook sure is still at the bottom and I hopes leveled out because it can’t get much lower.
When you think about it, all of these things are true. Homes sales did go down and prices did go up and at the same time, interest rates have been at record lows and did inch up a bit last week. Now don’t let any of this scare you. I’m not an expert but then the so called experts have been screwing it up for a while leaving us novice in a the black hole of economic. That said, Economic’s 101 teaches us that after a recession comes inflation. Of course The Bush and Obama administrations understand this and trying to keep up out of the inflation part of these economic times. How about just stopping F’ing with it all and let Capitalism run the way Wall Street said it should run a dozen years ago. Don’t regulate and let the markets run themselves. If a company doesn’t do well, people will sell their stock and the company can either shape up or get out of the business cause that’s where they would be heading. In the meantime, if a company does well, people will buy their stocks, increasing it’s value and success. What’s wrong with that? I’m a lonely Residential Realtor in Phoenix and working my tail off to create a reputation and a living. It’s working. No Bail Out, just hard work. If I’m good, I get return business and referrals and if I’m not, I don’t.
Don’t get me wrong, in this economy I’m thrilled to still be in business but it’s not because I’ve been waiting for Angel’s or Government Bail Outs. The wealthy company’s and business have received Billions and Billions of dollars to keep them in their fancy offices, homes, vacation and so on. In the meantime, John Q. Public took it on his/her selves to shoulder the economy. If you think the wealthy are going to trickle down their tax savings or increase in stock prices, think again. Even if they do, it will go to their VP’s and not to the janitors. They will still get their golden parachutes for running their businesses into the ground and we little guys will still be working our A$$ off to pay for their homes, golf club memberships and vacation in Spain.
Do I sound bitter? I didn’t mean to start this and end up bitter but he!! yes I’m bitter. I’m a middle class (soon to be lower middle class if things don’t change) guy just trying to live nice, not great, take a little vacation once every couple years and die happy knowing that I did the best I could. As the old Tee Shirt once said, “The harder I work, the behinder I get”!
