Are A-Rod's Problems and the Mortgage Industry's Problems Related

ARE A-ROD'S PROBLEMS AND THE MORTGAGE INDUSTRY'S PROBLEMS RELATED?

People are trying to determine the reasons for the poor performance of Alex Rodriguez last year. Here are some theories:

• He was concerned that his contract talks would result in too little money, which would force him to take a second job;
• He was preoccuppied with his daughter's future for whom, it was recently revealed, he has been planning an arranged marriage to teammate, Andy Pettite;
• He was worried about rumors that he was involved with Texas Rangers players and managers on hiding the use of steroids;
• He was still bitter, eventhough he kept it to himself, about having to pick up the slack for Derek Jeter who was in his positon of shortstop;
• The low key athlete had problems dealing with the in your face New York media;
• The what have you done for me lately New York fans were too hard on him;
• . . .

Wait a minute. What poor performance? He was the AL MVP; he hit .314 with 54 homeruns and 156 RBI.

It's easy to find reasons for a problem, even when the problem doesn't exist.

What about the problems in the mortgage industry? Here are some theories for its demise:

• Borrowers were living above their means, taking what they could today and not worrying about tomorrow;
• Lenders were not providing full disclosure for the terms of their products;
• Everyone thought that the market values would continue to rise;
• 1% teaser rates and adjustable rate mortgages were bound to catch up to people;
• . . .

Wait a minute. Okay some of these conditions do exist, similar to those related to A-Rod, but have they really resulted in a major mortgage problem. Just because the media says it is so, does not mean that it is so.

To hear the version other than the sensationalizing media's version, call Ron Trzcinski of Zenith Realty at 410-935-5844.