Archive for November 5th, 2008

The Taproot of the Credit Crisis

Posted in Eastside, Market Analysis, Northside, Southside, Westside on November 5th, 2008

Just because I’ve written a few positive posts about the results of our US Presidential Election doesn’t mean that I’m letting the profligate, two-party dominated greed culture of Washington D.C. off the hook.

Fannie Mae Eases Credit to aid Mortgage Lending is one of the first mentions of the “taproot” that I feel is the primary element of the credit crisis. This article from the New York Times on September 30, 1999 is the first notice about the potential “disease” that I can identify.

The genesis of the “credit crisis” began in the lame duck Democratic congress of 1999 and the impeached presidency of Slick Willie.

Fannie Mae Eases Credit To Aid Mortgage Lending is an early call for caution.

Caution that many did not take.

“If they fail. the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

 

 

There ya go…what a shame.

 

 

The entire system of government is at stake right now. Capitalism is at stake now.

 

Every appropriation, every federal handout, every war, skirmish and police action, every subsidy, every useless bureau, council and agency - everything had better be on the table or else the grand idea of the United States of America is going to falter and whimper away.

 

 

What can you do?

 

I know one thing that you can do - get your real estate on. If you can afford to purchase real estate, then right now is a great time for you to secure yourself with sound real estate investment practices. Prices are great, inventory is plentiful, lenders want to meet with you - buy land, they stopped making it!

 

The Libertarian ideal of Life, Liberty and the Pursuit of Happiness is one of the core ideals at stake here and a two party majority system, no matter what, is what we have to work with while we are alive and in America right now.

 

 

I think the greatest challenges to the two parties right now are:

 

 

1. The Democrats must not gloat and act like idiot cheerleaders with unlimited budgets, but they probably will. The buck stops with Barack Obama so I think that is actually a good thing.

 

 

2. The Republicans must get their business back together and regain their stance on the fundamentals of leadership. They’ve run bad campaigns and a lot less Americans are buying what they are trying to sell. A two party system is way better than unilateral control by one party. Republicans have to start knocking on doors in neighborhoods that they may not be comfortable in. They need to be more like Bobby Jindal in Louisiana, and less like Ole Strom Thurmond (R.I.P.) in South Carolina.

 

 


 

Let us know if we can assist you with getting your real estate on. It’s a great day to be an American and if you don’t believe me, then I don’t care!

Marketing Lessons From The US Election

Posted in ATL Culture and Events on November 5th, 2008

Seth Godin has a very interesting take on the campaigns that led to the historic election results last night.

Read his article from yesterday on “Marketing Lessons From The US Election” Here’s an excerpt:

“We get what we deserve. The lesson that society should take away about all marketing is a simple one. When you buy a product, you’re also buying the marketing. Buy something from a phone telemarketer, you get more phone telemarketers, guaranteed. Buy a gas guzzler and they’ll build more. Marketers are simple people… they make what sells. Our culture has purchased (and voted) itself into the place we are today.”

Barack Obama Has Got A Posse…

Posted in ATL Culture and Events, Market Analysis on November 5th, 2008

I got a game changing e-mail this morning.

After reading the New York Times headline “Barack Obama Elected President as Racial Barrier Falls” on my Blackberry, I opened my e-mail and got this:

 

“The bottom of our market, I think, just hit.  Be among the first to believe this, not one of the last to hear.” Shaun Rawls, Operating Partner for 6 or 7 Keller Williams Realty market centers (I’ve lost count)  and a national leader in sales and profits among all real estate brokerages.

 

He’s not even 40 yet and he has been in the Atlanta real estate agency business for about 20 years. I’ve known him since 1999 - he was one of my real estate professors in the “Prerequisite Course” for a “Georgia Real Estate Salesperson” License.

 

He and I share a similar worldview, and that’s why I work with him. Being in business with Shaun Rawls is the singular reason why I am a licensed real estate salesperson with Keller Williams Realty, and not with some other brokerage in metro Atlanta.

So, what does that have to do with Barack Obama and a posse?

 

Well, it’s because Shaun also said: “Nothing will happen that you don’t make happen.  Barack Obama secured the presidency by knocking on doors.”

 

 

 

To be precise, Barack Obama secured the presidency because he had a posse knocking on doors, and pasting on walls…and sharing his worldview.

 

Shepard Fairey started a street revolution a few years ago, because he was bold enough to remind everyone that “Andre the Giant Has A Posse.” If you’ve lived in Intown Atlanta for the past decade or so, then you’ve seen something about this factual statement.

 

 

If you don’t know who Andre The Giant is, then click here to find out about this remarkable man.

 

If you don’t know why he has a posse, then click here.

 

So, what does that have to do with Barack Obama and a posse? Well, I’ll cut and paste an answer to that…

 

“A key element to the success of Obama’s visual campaign was Fairey’s mostly illegal dissemination tactics of wheatpasting posters on private and public property without permission, a sweet little twist in the side of the political machine that proved the artist’s steadfast adherence to his streetwise principals remained intact while working overground in such an unprecedented way. In doing so, he single-handedly inspired a nation of supporters to do the same and the Obama campaign has seen an outpouring of viral aesthetic support at a level never before realized by a political candidate.”

 

That quote comes from an interview with Shepard this week. Click here to read the interview.

 

Shepard’s distinctive artwork is a big part of Barack’s campaign success, and just like Shaun said, Barack Obama is the one who made his success happen.

 

But, Shepard Fairey is the one who makes sure that Barack has a posse.

 

To sum things up, “The bottom of our market, I think, just hit.  Be among the first to believe this, not one of the last to hear.”

 

Thanks for making things happen, Shepard.

 

 

If there was ever a good day in 2008 to think about getting your real estate on, then today is that day.

 

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Lee Taylor, Real Estate Professional in Atlanta

Atlanta Real Estate - Trulia