Thursday, February 19, 2009

Reactive vs. Proactive


I attended a luncheon hosted by Williamson County Association of Realtors today. Senator Corker was scheduled to discuss the housing market, the economy, and of course the economic stimulus package.

Although I enjoyed the meeting, I left feeling many of the questions people have about the state of our economy, our local housing market, and of course the economic stimulus package were left unanswered.

Senator Corker is not a supporter of the economic bill that was passed and has been very vocal about it. Many people today were in complete agreement with him. Besides talking about the stimulus bill and how the state of Tennessee is a well managed state and will be the recipient of over $4 Billion dollars, even though according to many published reports we only need $900 Million. Basically, over the next two years many states will receive, some much needed funds. What will the use of these funds stimulate? According to Corker, not much! To top it off, in 24 months when those funds are used up, states will face another crisis.

My question is this? Why can't we focus our efforts on getting the real estate market moving again? It seems as though the politicians in Washington will continue to use those canned responses like "reaching across the isle" and lenders will continue to only speak to you when you are past due on your mortgage, and the media will continue to wag the dog. When will we as private citizens realize Washington is NOT going to help us in any way and no amount of money spent will change that.

The politicians in Washington who seem so concerned about passing the burden of the largest amount of debt in history (since the Great Depression - thought I would throw that in for good measure) sure are eager and quick to spend the same money they complain about leaving to our children's grandchildren. Do the math people! The most ridiculous and over simplified answer that many politicians couldn't even seem to pay attention to is that the $789 Billion dollar Stimulus package could pay off EVERY SINGLE mortgage in the U.S. How about Stimulating the economy that way?

Better yet, why not focus your efforts on the people who haven't bought a home or those who are sitting on the fence but are simply afraid because every day they turn on the TV someone is saying phrases like the stock market PLUNGED again today or the GREATEST SINGLE WORST economic problem since the Great Depression. If everyone would just settle down, stop watching the news, and get out and just live their lives, which means spending money on groceries, buying gas, eating out once in awhile, buying cars, and of course buying a home we would all be better off!

I'm not betting on any politician certainly not the ones in Washington!