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Well, obviously I haven't been here to Zolve for almost a year. I stop into Active Rain every couple days still, but frankly the last year has been tough for us all. Here's the thrust of today's thought though:
The entire global economy needs the US real estate market to recover. We as real estate professionals in the United States become perhaps the most important cog in the entire global financial system! Are you prepared for that kind of pressure?
Three kinds of professionals remain in our industry:
- Predator bottom feeders - still reveling in the "cut throat prices" mantra and looking to low ball everything they can touch. Please stay away from me, go hang with your ambulance chasing attorney friends.
- Barely alive - professionals that are barely hanging in there after being beat up and losing all of their working capital. Home builders are the best example and they need your help.
- Real Estate.net - low working capital requirements, willing to shoulder the responsibility of not only selling and financing but communicating the recovery to the world. Say it, and say it loudly.
Which one are you? Got the guts to step up and call it a bottom and a recovery?
I'll be the first to say "YES" - we've hit the bottom and values are starting to come back up, mortgage rates are probably too low, and this whole sub-prime thing has been overblown. We'll do our part here in NW Indiana to say it's time to lead the way out of this slump and into a Global Economic Recovery. Although the market fundamentals may have been weak for the last two years, going forward they are improving.
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