Jan Wood, Realtor (R) - Nashville TN Real Estate

If only we had FDR right now!

He calmed the people during the Great Depression with his “Fireside Chats”. If you have never read any of these chats… here’s a link to some.

FDR’s Fireside Chats

I hate feeling like I’m being railroaded. I feel as if things are moving so fast that I’ve been swept up in a tornado. I don’t like the leaders not “chatting” with us… it would be so comforting. I feel that each and every one of us needs a little TLC.

FDR was eloquent in his chats. In one he says…

“Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destroy the value of the assets of national institutions such as banks, savings banks, insurance companies, and others. These institutions, because of their great needs, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people who had borrowed money on that property in terms of dollars which had had an entirely different value from the level of March, 1933. That situation in that crisis did not call for any complicated consideration of economic panaceas or fancy plans. We were faced by a condition and not a theory.

There were just two alternatives: The first was to allow the foreclosures to continue, credit to be withheld and money to go into hiding, and thus forcing liquidation and bankruptcy of banks, railroads and insurance companies and a recapitalizing of all business and all property on a lower level. This alternative meant a continuation of what is loosely called "deflation", the net result of which would have been extraordinary hardship on all property owners and, incidentally, extraordinary hardships on all persons working for wages through an increase in unemployment and a further reduction of the wage scale.”

FDR didn’t forget the little people. He did everything in his power to get the Country back on its feet.

The next President is going to inherit a lot of problems. Think about FDR when you go into vote. Which candidate is more capable to have a “fireside chat” with the American people?

Have you seen a lot of “fearful” people here lately?

Is it time to be greedy?

I’ve been thinking about what Warren Buffet once said about how to become rich… he said:

“I will tell you how to become rich. … Be fearful when others are greedy. Be greedy when others are fearful.”

Donald Trump was on Larry King last night and was saying that right now is a good time to buy… stocks, land, or a home.

I’ve read this many times this week, but no one gave me a good explanation… other than buy low sell high.

Today while surfing the internet, I found this explanation that made a lot of sense to me.

This is why the rich get richer. They don’t need a loan so, instead of betting on the stock market, many are buying real estate.

“Borrowers have been urged to snap up attractive mortgage deals while they last, after the sudden collapse of Lehman Brothers, the fire-sale of Merrill Lynch, the bailout of the AIG by the Federal Reserve and the prospect of an emergency takeover of the UK lender HBOS raised fears that home loans will again dry up and the cost of those available will rocket.” Times Online Article

Why throw your money in a market that is turmoil. Invest in "real" property.

There must be a “Bad Moon Rising” because I’ve been trying to go to sleep for about two hours. With the actions on Wall Street today, I just can’t seem to wind down… I believe it’s called “over-stimulation”. I feel as if I’ve had 10 cups of coffee.

We've Been Had... and The Chickens Have Come Home To Roost & the Four Horsemen are not too far behind.

I had to laugh several times during the prime-time News specials on the Economic Crisis. 99.9% of the news pundits wouldn’t know a derivative if it jumped up and bit them in the a$$. They are highly paid executives of Wall Street…don’t believe a word they say. Their economic IQ’s are lower than Forrest Gump’s. If they tell you to buy WaMu, for instance, they are probably shorting it.

If you’ve followed my posts here on ActiveRain, you know that I haven’t had any faith in this economy or our leaders. It’s been quite apparent to me that things have been going down hill in a hurry. I didn’t want to sound like a complete alarmist, but believe me, I'm worried big time.

Several months ago, I started off slowly with posts about the Federal Reserve, many posts about the Banks, then what I thought were Consumption Bubbles, a posssible Crack-Up Boom, I suggested that you Hide Your Money In A Can, that we were going to have to Pay the Piper, etc. (See Financial, Economy, Economic, Sub-Prime... on the BlogRoll Sidebar)

The past few weeks we have witnessed the biggest government intervention in history with Bear Stearns bailout via JP Morgan, the bailing of Fannie & Freddie, the weekender with Lehman Brothers, Merrill Lynch saga, and Bank of America probably biting off more than they can chew.

Tonight we have an announcement of the bailing-out of A.I.G. to the tune of $85 Billion. If the government had bailed them out two days earlier, it would have been $20 Billion.

It really doesn’t matter how much the government spends of our money. What you have witnessed, folks, is the nationalization of the Twins and A.I.G.

You can thank Congress, the President, Wall Street, but most of all the town idiot--Greenspan.

Now you know why Bernanke was brought on board to try to fix this ailing economy. He’s an expert in the Great Depression… the guilty and evil-ones were hoping his expertise could avert another one.

The chickens have come home to roost… and the four horsemen are not too far behind.

Enjoy your prosperity while you can because… the "Moon is In the Second House", and

You have now become part of a “Socialist Republic”.

I’ve been surfing the web this morning after reading about Sarah Palin’s style in the Wall Street Journal. I’ve determined…

I like her style!! Mainly because it’s affordable.

In case you like her style too, I wanted to share this information with you.

She wore red Naughty Monkey - Double Dare Pumps when John McCain announced her as his vice-president running mate.

Read - Wall Street Journal Story

The Naughty Monkey shoe styles are bold, fun, sexy, and yet sophisticated. The good news is that, unlike Cindy McCain’s shoes, I can afford the prices.

You can even buy this shoe line at Amazon.Com. Some of the styles that I thought we as real estate agents might like are:

Walk The Talk and Talk the Walk

Double Dare Pump

Ball & Chain Pump

You can find some more information at:

Endless.Com - Boutique

Just some observations on this rainy Saturday morning...

Did Fannie & Freddie collapse, or were they shot down? Were bombs planted inside these entities?

On 9/11 the twin towers went down. Now the twins, Fannie & Freddie, are going down and are be taken into conservatorship by our government.

...A conservatorship is like “bankruptcy”.

You may not find the news on the front page… more like on the second page of your newspaper. The news is being played down which really makes me nervous; but, there’s nowhere to hide for giants on the way to the ground.

It will be interesting to see if the “preferred shares” are protected. I’ll bet they are.

The good news for McCain and Obama is that the giants won’t fall under their watch. They will just get all the headaches.

When the government says it’s going to cost the taxpayer millions, you’d better watch out! You know it will more than likely end up in the Trillions. More than likely, it will end up costing the taxpayer more than the Iraq War.

Fannie & Freddie hold one-half of the country’s mortgages. Think about it!

You still think “government-sponsored” healthcare is a good idea?

Social security is bankrupt, our government sponsored enterprises are bankrupt… and noone has gone to jail.

Just some observations with no insider information; just some good 'ole common sense.