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Waiting for the other shoe to drop… The paralysis of FEAR

Well now, Congress finally managed to pass a bail-out..."Recovery Bill" at a cost $700 BILLION. But nothing has fundamentally changed. Jump-Wall Street ProtestPeople from all walks of life are worried because everyone wonders what is going to happen next. Unemployment numbers skyrocketed this past week and worldwide economic indicators are falling. But that's just part of it.  It seems like every time you turn on the T.V. there's more and more bad news. The level of worry and stress is going up everywhere while the overall mood of people keeps dropping.

Who can blame anyone? The same culture of corruption that has increasingly put us in the mess over the last eight years, telling us all along that "everything is fine and we are in a stable financial situation", suddenly pops up with a cry of alarm and a three page "solution", demanding that we just "TRUST" them. If I were to go on a listing appointment with the same flimsy approach and shoddy documentation, my clients would run me off without a second thought. Where is the accountability?

"In school, you couldn't get away with that garbage because the taxpayers know that if we don't uphold scholastic standards, we will wind up driving on badly designed bridges and go in for a tonsillectomy and come out missing our left lung, so we flunk the losers lest they gain power and hurt us, but in politics we bring forth phonies and love them to death." - Garrison Keillor

'Suppose you were an idiot. And suppose you were a member of Congress... But I repeat myself.'  --Mark Twain 

"Banking establishments are more dangerous than standing armies" -Thomas Jefferson

And you want to know something? This is nothing new; check out this little tidbit from out the last century: "We the men in this hall, who control the economic destiny of the Nation, knew in 1927 that this terrible depression was coming, and we did nothing about it." - President of the American Bankers Association, speaking at their convention, in 1931

In the interest of full disclosure, I have to say that I broke my crystal ball many years ago. I am not the smartest individual around and a good example is that I entered real estate in 1989, in Texas, in the depths of the S&L Crisis. Yep, there were thousands of foreclosures, many more thousands of homes on the market and what, maybe a few dozen buyers? It was the greatest financial dilemma since the depression but somehow, we made it.

X-Ray reveals...Now please don't get me wrong!  I am not one of those "Pie in the sky" dreamers jabbering empty platitudes and honestly, I tend at times to have a darker more cynical attitude that I have to monitor. This is a very sinister time and we have some incredible challenges so I just get up every day and go to work with my EYES WIDE OPEN. I will not wait around or be paralyzed by fear and I will not be a prisoner of my thoughts.  I make an effort to not give any power to those whose only path is that of failure on woe while offering nothing but complaints and never solutions. It's funny but I am amazed at how powerful my thinking can be as it determines my every day actions. I don't have to play that game--regardless of what's going on in the world.

Oh, by the way Congress...along with each and every one involved in getting the country into this mess, your X-RAY came back and I think we found the problem!

See you at work on next week!

Russell M. LewisPage copy protected against web site content infringement by Copyscape 

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73 commentsRussell Lewis, Broker,CLHMS,GRI • October 04 2008 12:35PM

Comments

I will not wait around or be paralyzed by fear and I will not be a prisoner of my thoughts.

Your statement Russell is how I am thinking these days.......this is what we need more of!

Posted by Celeste "SALLY" Cheeseman HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 2 years ago

There are some without another shoe.  But in this country, even the shoeless can become cobblers!

Posted by Heath Coker, Real Estate Broker, Cape Cod (http://www.CapeGroup.com & http://www.REindex.com) over 2 years ago

Hey, you must have just posted this! I always like your attitude, you manage to get a very intense point across with just the right amount of humor! We are in for a ride for sure but you are right we just need to keep at it and I know you are NOT one of those up, up with people types!

Posted by Allysoun Musslewhite (AvenueOne Properties, Inc.) over 2 years ago

Where's Ronnie when we need him???  This is a most dangerous time and honestly only God holds the answers...but we must defend this country NOW or we will certainly be saying "remember when we were free"  Vote Nov 4th to SOS  not ridiculous, radical change that will only drive the death nails deeper!

Posted by Sara Homan (Coldwell Banker Ellison Realty Inc) over 2 years ago

This is a very sinister time indeed! In some ways I like it. I want to shake up the status quo in hopes of a new paradigm. We are trapped in a groove of greed and and lost to the art of individual accomplishment. I want that chance again - the American Dream that says working hard matters. It pays off. Because lately, for far too many - it simply hasn't.

Love the quotes - especially Twains!

Posted by Allentown PA Real Estate Broker * Jennifer Monroe * over 2 years ago

Sally I am so glad to hear from you and you of all people know the power of having a good attitued while remaining wary of the times!

Heath I am all about getting up and getting something done including helping others out who are willing to make the effort!

Allysoun! What are you doing at work today? Thanks for your comment and you do know me all too well, I have to keep my cynicism "balanced"...

Sara Everybody needs to vote!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Oh my gosh, this is it! We just sit here and take it and take it and sometimes all we ever hear is "don't worry" and the oops even more BS! I love the X-Ray and boy it's the truth!!!!

Posted by Erin over 2 years ago

I have  to say that this is one of the scariest times I have ever experienced and you make some wonderful points, while sticking some very funny barbs in to the status quo and the incredible stupidity that put us in this situation. (Your pictures are priceless!) I like your way of pointing out the absurd and the obscene without letting it wear you down! Thanks and keep up the good work!

Posted by Scott Harvey (AvenueOne Properties) over 2 years ago

Hi there Jennifer Thanks for dropping by in the midst of the wonderful whirlwind of joy you are experiencing! I do believe as you; the greed-heads that have dominated our culture and business in the last few years have stifled free expression and the "lost to the art of individual accomplishment" I am so glad to have the pleasure of meeting you and Jason and to be around to enjoy the way you share just about everything in such an open, honest way. And you both make me laugh more than I could ever imagine! Onward!

Erin I am so fed up with the whole bunch and though we are now in pretty dire circumstances, I refuse to let these reprobates get me down! It's not so much an idea of "positivism" as it is my own stubborn refuusal to be intimidated by the situation! The X-RAY was so funny, I had to use it!

Scott It is an extremely scary time which is all the more reason we HAVE to keep our wits about us and stay focused!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

That is an attention getter of a picture LOL And I have to say I like the x-ray too. I wish we could still rate posts!

Posted by Sarah Nopp over 2 years ago

Russell, Great post.  And the picture at the bottom tells it all.  Time we reached down and pulled that thing out and get back on track.

Posted by Bob Cumiskey, US Army Retired, Your Sun City Center, Florida ~ Realtor (A1 Connection Realty, Inc.) over 2 years ago

You certainly did it this time! I saw that picture of the Wall Street protest in an email and thought that it was..not appropriate, but certainly was telling it like it is! I am glad you still have such a positive attitude overall. In a way you are an optimistic cynic!

And that x-ray!!!!  Funny!!!!!!!!!!!!

Posted by Mattie Lewis (AvenueOne Properties) over 2 years ago

Russell, what amazes me is that this bill went from 3 pages to 450.  Did anyone say PORK!!  I'm sure everyone needs wooden arrows for children.  You are right though we have to look forward not back.  We can survive in spite of our government. 

Posted by Marchel Peterson Spring TX Real Estate E-Pro (Results Realty) over 2 years ago

Bob I have had that picture in my pics folder for a long time and this just the right time to use it as the perfect illustration! I am with you, we have to forge ahead!

Mattie I had second thoughts too (like in the "birds of my recent ost!) but it was just an example of the anger people feel these days!

Marchel You said it perfectly, we can survive "in spite of our government" ThaNKS!!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell you have centered on the main reason everyone is so upset. Why do we just take these scoundrels at their WORD? I love the picture at the bottom...No wonder they are in the dark!!!!

Posted by Lynne over 2 years ago

Lynne I guess that along with many other people I was just pointing out the obvious! I still want to move forward without having my clients and associates paralyzed by fear of what might happen next!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

The overseas news is saying the bailout is woefully inadequate!  You are right, it isn't over yet.  For agents and brokers thinking this will be over next spring...they are dreaming.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 2 years ago

Jim That is probably the most unsettling aspect of this mess! I agree with you too that we will probably recover more slowly than many anticipate and at different rates across the country!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Sara I did get a kick out of BOTH pictures and though some may be offended, it really reflects the level of betrayal many people are feeling?

One other thing..are posts rated (like the movies) if so I guess this one would be an R...

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell,  Of course we listen to this day in and day out here at the birthplace of corruption and ineptitude.  My only comment is - where can I get that picture of the skeleton  Karen

Posted by Karen Kruschka - Prince William, Fairfax ,Stafford County VA Real Estate Service (RE/MAX Olympic Realty) over 2 years ago

Russell I wanted to add that with all of this our recovery (all of us in the real world) will take much longer than even the most optimistic have forecast. I appreciate your ideas about staying focused without some willy-nilly head in the clouds attitude!

Posted by Scott Harvey (AvenueOne Properties) over 2 years ago

It is not anywhere near over and we have yet to see what the ultimate cost will be to our economy. Your "x-ray" is certainly telling and funny too!

Posted by Anne Giles (AvenueOne Properties, Inc.) over 2 years ago

Hi Russell,    You outdid yourself with this one, my friend!  I could feel your passion in each word and you are so right. Unfortunately, that is.   You are right on.  There are a bunch of idiots and thieves controlling our govt and money.  We, the American peple, have to get mad enough to get them out of there and replace them with people who can and will do the job right.  We are in deep trouble and this will not be fixed in a year or two.  It will take some time.  In the meantime, we cannot be paralyzed by fear.  Keep on working and find different avenues and different ways to make things better.  We will make it through.  We must keep our eyes open and be honest about where we are.

Posted by Ricki Eichler,Broker,GRI,ABR,TAHS,ePRO your Texas Hill Country connection (Ricki Eichler Real Estate LLC) over 2 years ago

Hi Honey, I wanted to see what you were up to n your blog and this is pretty strong stuff! I do agree with you and as I have read other periodicals and news on the subject it is obvious people everywhere are very frustrated and afraid as we stumble blindly along. The leadership of this country has failed miserably in their duty to the citizens of our country. The trust has to be restored but we have to be tough and keep moving forward while keeping an eye on who is minding the TRUST. This is a good article and you always manage to find the most interesting pictures to illustrate your ideas!

Keep up the good work!

Posted by Margaret over 2 years ago

Russell, This post is so right on but my question is why did it take most of America so long to see what was going on in Washington??  Why would we believe the leadership of this country when they have been robbing the till for so many years?  Just because the Decider says everything is good it is not reason to believe he tells the truth. Never Has.  Thanks for this post. 

Posted by Don Eichler (Eichler Properties) over 2 years ago

LMAO! Love the Xray!

Posted by Caren Wallace-Portage Lakes Real Estate Agent (Stouffer Realty, Akron, Ohio) over 2 years ago

Karen I love your part of country and hopefully when elections are over some of the crooks will be removed from office! I will email the pictures to you sometime tomorrow!

Scott You know I try and temper my serious business attitude with some humor but do not believe in all that rosy hide your head in the sand stuff that has fooled so many for so long!

Ricki I was feeling rather rather intense when I wrote this and just think we all have to HANG TOGETHER TO GET THROUGH IT IN SPITE OF THE SHABBY TREATMENT WE HAVE BEEN GIVEN! I am glad to have met good people like you here at active rain!

Margaret Thank you very much for checking out my blog. This one is a lot more serious than my usual fare but as we both know these are seriously difficult times and we just have to keep at it and ignore the lame excuses of those whose negligence got us into this mess!

DonYou make an excellent point, we were lulled into a sense of security by blindly believing everything we were told without question. I think many con artists are so skillful and then again I guess we can never underestimate the power of denial. Thanks for stopping by and I hope y'all are doing well!

Caren When i saw this picture I knew it would perfect for this post! Thanks!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

AnneI almost missed you and yes it looks like it is no where near over and frankly we are in better shape in Texas than some other pars of the country!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Hi Russell, just checking in and you have written a very powerful article. I know we see this in the news 24/7 but no one points out anything but how bad it is. I like the way you look ahead without rose colored glasses!

Posted by Lynne over 2 years ago

Lynne, I do realize we are in a mess but we still have to get and go to work without letting ourselves get beat up and yes mindless optimism does not help either!I  appreciate you checking out my blog, It's my outside blog that is linked to my blog here at active rain.

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell,

This is such a departure from your other posts, but I love it.  You hit the nail on the head.  Where do you find all these great quotes?  I look forward to your next your next installment.

Posted by Susan over 2 years ago

Of course, as a nation, the goverment can only cure so many of our ills.  I fear that a financial package, even if it actually went a good distance towards fixing our broken markets, does not get to the root of the problem.  It is a classic case of treating the symtoms while ignoring the disease.  This is not a knock on lawmakers because you can't legislate prudence.  As a nation, we lost perspective years ago.  This is not a new phenomenon, but rather a new manifestation.  Until we all take a good hard look at our priorities, we are compelled to bring such hardship upon ourselves every decade or so.  This time, the symptom is borrowing more, both individually and collectively, than we can afford to return.  In the late 90s, it was throwing money at unproven dotcoms.  In the late 80s, it was an eerily similar meltdown of the S & L industry due to our desire to unshackle CEOs from the regulation which got in the way of maximized profits.  In all cases, it is the same malady.  We are a nation that has become more beholden to the dollar than to actual work.  We make money off of money.  Everyone wants to be the rich dad, after all, not the poor dad.  This, of course, is an offshoot of the American ideal of "Bigger, Stronger, Faster."  We lose sight of the journey and our fellow travelers in the mad rush for our separate fortunes.  Financial stability, wealth even, are admirable goals, but it is the path taken that produces the real value.  I have taken the lull in the market to reevaluate what extravagances I really need in my life, and what could be jettisoned.  In eliminating some extraneous items, I am far less focused on the target number that I need to produce every month, and more aware of the needs of my family, friends and clients.  I smile a lot more now.  The beautiful thing with a storm such as this one is the potential to find calm.  Ambition can be a powerful ally, but it is an equally powerful foe.  We need to look to provide value, not extract it.

Posted by Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives) over 2 years ago

 Susan I was more than a little irritated when I wrote this but it is one of those things that so many people are angry about and have no way of expressing their sense of betrayal!

Paul "It is a classic case of treating the symptoms while ignoring the disease." Yes my friend that is absolutely true and cynical optimist that I am I cannot help being appalled by the obscene greed and laziness while still believing that we can some make a difference. Conflicted? Yes, and that is why I enjpy meeting people like you! I am laughing at your Rich Dad, Poor Dad reference... everybody wants to be rich but nobody wants to work! Well now, thanks for your insightful comments and I actually got to rant a little more. Sometimes it bothers the heck out of me to be reasonable in the face of this atavistic behavior!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

When I read your post and the comments, it struck me that our economic situation is often referred to as a "storm". This thing is so gigantic and out of control that it forces us to focus on the few things that we can at least have some influence over and to re-evaluate our priorities. The old saying that someone on their deathbed isn't likely to wish that they had spent more time making money, maybe?

 

Posted by Terri Moore (AvenueOne Properties) over 2 years ago

Russell,

I appreciate your insight and humor.  It looks like we are in for some tough times and I must force myself to believe that everything is cyclical and we will turn things around.  All the signs and warnings were there, but the lure of easy credit was too intoxicating for many people.  I don't know who I blame more, the people who took the credit, those who offered it, those who got rich telling people to offer it or the legislators who voted to let it happen.

Nice x-ray!

Posted by Ross Plummer (AvenueOne Properties, Inc.) over 2 years ago

Hi Russell! Yet another superb blog posted! I completely agree with you, and this article. We got ourselves here and yet congress knew this was coming and did nothing about it. It's hard to keep up respect for our government in times like these. But I agree with everyone else's comments, you do a great job at pointing out the reality and the truth yet you maintain a positive attitude! That's your best trait!

Posted by Lindsay Allen (AvenueOne Properties ) over 2 years ago

Great sentiments Russell. Some scary and turbulent time are in the future.

 Looks like same as usual for Wall Street & Congress though - see picture below taken this morning!

Posted by Rick Landwehr (AvenueOne Properties) over 2 years ago

You really did it this time!! I have enjoyed reading your posts and each time you are a bit more audacious but you always manage to balance your points with some humor. That's a tough order these days with everyone feeling betrayed by the government, Wall Street and the crooked corporate types that took advantage of the system and made obscene profits. I managed to read many of the comments and I like the way a lot people are contributing to this post in a positive way! I laughed at your X-RAY and even more at the picture above! I look forward to your posts so please keep at it!

Thank you!

Posted by Michelle over 2 years ago

Russell, that was GREAT! You are the best at writing and keeping my interest peaked. Your last statement was quite picturesque. Thanks for the read!

Posted by Gena Riede, Real Estate Broker Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 2 years ago

Hi Russell, you have really stirred things up this time! I commented earlier but wanted to come back and read some of the comments left by others1 some very good ideas here and a lot of agreement about the current mess looking like it will be worse before it gets any better!

Your X-Ray is funny but that picture Rick put up is a HOOT!

Posted by Allysoun Musslewhite (AvenueOne Properties, Inc.) over 2 years ago

Love the graphics!  You know if you didn't see this coming in some form or another then you just were not paying attention or you had your head buried in the sand.  I know we will definitely feel the pain for a while, and as real estate professionals we know pain, but this too shall pass.  Our country has been through this before and we will undoubtedly go through it again, but we will make it.  Common sense people!  NOTHING is free.  Hang in there.

Posted by Shari Chambers (AvenueOne Properties) over 2 years ago

Russell,

My head's still in the game & am getting back to the basics (personal notes, telephone calls, asking for referrals/business). Quitters never accomplished anything......keep up the great blogs & pictures!!!

Posted by Mandy Andrews (Texas American Title Company) over 2 years ago

Love the X-Ray.  This is the best so far.  I think for all of us to stay sain in these horrible times is to speak out and really say how you feel.  Love your writings... continue on.

Karen David-Mohr

Posted by Karen David-Mohr (Prominent Title, LLC) over 2 years ago

Terri That's an excellent point because this is so big, one of the only things that we truly can control is our ideas and attitudes! It is a very good time to re-prioritize!

Ross Thanks for wading in here. I believe that there is plenty of blame to go around in all corners but we have to remember that less than 6% of the population was involved in these loans and that the overwhelming majority is still paying on time. It's amazing that this small sector was exploited and that the costs are astronomical! The level of deception is mind boggling!

Lindsay I appreciate your compliment and I am also glad that some of my more radical opinions do not come across as a rant or just mindless BS. I do try and balance out my attitude with a good dose of reality and always some humor! You also point out one of the greatest problems and that is the massive loss of trust we have in all of the guilty institutions!

Rick You one upped me with that picture that is so damn funny and I am extremely happy that there are plenty of us whose humor (though certainly somewhat twisted) is still intact!

Michelle The losses are staggering but the sense of betrayal is so huge it will take years to repair trust in this country! Oh and I definitely laughed when I saw that picture in Rick's comment!

Gena I am flattered by your compliment because you are one of the people I read on a regular basis. Thanks again!

Allysoun I appreciate you always dropping in and making constructive comments and you are also a very good editor. Thank you!

Shari As you know I tend to talk a little more than needed sometimes and pictures do work to say what words never can! It is good to see you here more often and I look forward to seeing you more in the future! We need a lot more common sense these days!

Mandy Our work is cut out for us more than ever and we DO have to get back to basics while the entire country wades through this mess!

Karen Thanks for stopping by. I always like to thrown in some pictures to help make my point even if it's to point out the absurd! Stay sane and I will do my best to do the same!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

hey Russell, I just came to your office and everyone was talking about your newest blog! You look like you are really improving your writing skills and as i have read several of your previous posts that is quite an accomplishment. You have tackled a very important subject from a very good perspective and though we are all somewhat fearful about the future, I like your attitude and work ethic and the fact that you can make us laugh at all of this madness! 

Posted by Tami over 2 years ago

This is a very sinister time and we have some incredible challenges so I just get up every day and go to work with my EYES WIDE OPEN. I will not wait around or be paralyzed by fear

Good evening Russell,

Look on the bright side.  We didn't need to go to the drag strip to get our adrenaline pumping today!  :)

Posted by Not Yet Licensed over 2 years ago

Tami Thank you, I appreciate the compliment and I do try and keep a good attitude even when faced with such bizarre times. As a layman in the financial sense of understanding the banking and government corruption I just felt compelled to express the frustration felt by so many I see every day while also keeping in mind that we do not have to be mentally crushed by the bad news! This has been somewhat exhausting and there were many very relevant (and even funny) comments here that added to the over all discussion!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Not Yet Licensed Hey there (may I call you Bruce since I noticed that you signed your last comment?) Wow, I just kind of went off here and it set off a lot of very good and somewhatt intense comments. I actually enjoyed the continuing discussion here and there was even a better and funnier picture describing my real feelings about the morons in the dark!

You know, today I was so busy chasing business that I missed the adrenaline filled ride in the stock market and it's probably better that I missed it as it would have been an incredible distraction! So good to hear from you again and I look forward to visiting again on my next blog! I am switching gears and going back to some very fun post's about some of my favorite Austin businesses for Localism!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

You know, today I was so busy chasing business that I missed the adrenaline filled ride in the stock market and it's probably better that I missed it as it would have been an incredible distraction!

Hey Russell,

I'm not a financial guru.  However, from everything I've seen, the Law of Supply and Demand still works.  You did the right thing to focus on your business today.  All of us Americans are going to go through some unneccessary financial pain because of a relatively few knuckleheads, but people are still going to buy houses in Austin.  You're in a great market compared to most of the rest of the country.  So get to work on those Localism posts!  :)

Cordially,

Bruce

Posted by Not Yet Licensed over 2 years ago

Bruce At last! I appreciate the encouragement, I did stay busy as I often do and will remember your words "because of a relatively few knuckleheads". Thanks again and yes I plan to put out some fun Localism posts in the next week! Thanks again!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell, This is one of your best and I was surprised by the level of interest locally as well as comments from all over Active rain. I am copying this to send to some of our clients and i hope you included this post in your outside blog too! You are improving with each post!

Posted by Allysoun Musslewhite (AvenueOne Properties, Inc.) over 2 years ago

Allysoun Thanks again for commenting and also for the heads up on sending my posts to clients. I did include this post in my outside blog and thanks for your continued support!!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell, Thanks for sending me the link to your Austin Texas blog. I just finished reading this post and several others. I am impressed by your writing and it is a nice surprise to find such variety of different articles! I look forward to reading more from you in the future.

Posted by Susan Hondula over 2 years ago

I agree with you!!  We just need to keep chuckin along.

Posted by Jennifer Chide (Prominent Title) over 2 years ago

SusanThank you for checking out my Austin Blog. It is actually linked to my blog here at active Rain and is one of the best new resources i have found to help connect me with clients like you!

Jennifer Thanks again, we are all in this together and from all of the other comments everybody is feeling the same sense of betrayal. Just keep on with what you do best and we will work through it togethar!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

We've got so many buyers here just frozen! They won't get off the fence. They're so worried they're buying at the wrong time. Prices may drop. Interest rates may drop. They are so worried they're paralyzed with fear.

Posted by Erica Ramus - Realty Executives / Pottsville PA Real Estate over 2 years ago

 Erica Unfortunately, fear is paralyzing people all over the country and frankly they are on the fence more than ever! It is extremely unfortunate but I think a little passage of time will help. Here in Austin, Texas it is also occurring but at a less extreme level than some other places. Just keep plugging along and be ready when things start to improve.

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Well now...that xray sure explains things...huh? I'm not a negative person, but I am really tired of the government doing whatever they want and then expecting the American citizen to just 'deal with it'! GBU!!!

Posted by Elizabeth Nieves - Bilingual Raleigh - Durham North Carolina Real Estate Team (The Elizabeth Nieves Realty Group) over 2 years ago

Elizabeth I am flattered that you dropped by (I am a fan of your blog). I am also NOT a negative person but we have to keep our eyes wide open these days and I also try and temper my observations with some humor. The x-ray just seemed to fit the bill perfectly!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Hey! I just wanted you to know that I am sending a link to this post to others in the office. It's a very tough time and people are worried all over the country but we don't have to give up. Your sense of humor is contagious at times and I am glad you posted this. Okay, so when are you going to post about ICE CREAM in Austin? That's bound to be uplifting to everyone every where!

Posted by Mattie Lewis (AvenueOne Properties) over 2 years ago

Russell, it IS a mental game. Having lived through the Texas savings and loan crisis as a young adult, it's interesting for me to witness another major down cycle from an older and wiser perspective.  I can still recall the despair of trying to  find a job fresh out of college when there were none to be had in Austin. Now I'm watching my 22 year old nephew deal with the same challenge. 

Posted by Susanne Lee (AvenueOne Properties) over 2 years ago

Oh Russell, that first picture totally got me!  Yeah, what a mess.  Thanks so much for stopping by my birthday party yesterday!

Posted by Cristal Drake, Realtor Fullerton Real Estate (Prudential California Realty) over 2 years ago

Mattie Thanks again for commenting and I am glad you like the fact that I try and interject some humor in some of my more serious posts!

Susanna You are right in drawing some astute comparisons with the S&L Crisis in the past. We can certainly learn lessons from the past real estate mess to help us through this one!

Cristal Both pictures were meant to be a bit of a shock but they made the point well. Glad you had a fun birthday and active rain is such a great community to share (opinions, birthdays and anything else that we can think up!)!

 

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell, very good post and fear is a sign of the times for both buyers and sellers! It's true that everyone is paralyzed and that we have to stay focused and keep moving forward so we do not continue to fall behind!

Posted by Jeannette Spinelli (Avenue One Properties) over 2 years ago

JeannetteYou are right on the money, fear creates paralysis and we DO just fall further behind which only exacerbates the growing problems! I know you are not one to just sit back and wait for something to happen and I appreciate you dropping by to comment!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell:  Great post!  I'm not an economist, but I could see this one coming.  I don't know why people continue to believe anything our elected officials say.  By the way, great picture there at the end.

Posted by Chris Ann Cleland, Associate Broker (Long & Foster REALTORS®, Gainesville, VA) over 2 years ago

Hello Russell- I always enjoy catching up with your blog.  You've managed to take an extremely serious matter and had me laughing out loud.  That Ex-Ray is priceless but I'm still wondering how you took it ;-)....perhaps a prank from college days!  I'm sure you watched the debate on Tuesday - (boring questions aside) my favorite part was the looks on the faces of the chosen participants...it was strictly no-nonsense and refreshingly cynical.  Are we finally getting mad as hell and not going to take it anymore???  I agree with everything you said....this time (grin)

Gail MacMillan

Posted by Gail MacMillan - CRS, e-PRO, GRI ~ Titusville FL Real Estate Brevard County (HomeSweetHomeFlorida.com) over 2 years ago

This is my second comment on this post.  When are you going to post a new one so I can reciprocate?  Karen

Posted by Karen Kruschka - Prince William, Fairfax ,Stafford County VA Real Estate Service (RE/MAX Olympic Realty) over 2 years ago

Chris Ann Thanks for wading in here, it did seem obvious but never underestimate the power of denial. I d appreciate your comment, I like your posts too and am a subscriber to your blog!

Gail I always enjoy hearing from you and check your blog often. I was on a bit of a tear when I wrote tghis one and it seemed that everyone was as mad or worse than me. I do not remember wher i got that picture but it certainly fit the bill!

Karen Thanks very much and I have good news, I finally had time to write a post for Localism and it's about a subject near and dear to me...ICE CREAM! I think you will enjoy it too!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell, I commented here before but wanted to add that in spite of the dark forecast ahead, we do need to keep focused and be ready for the turn around whenever it comes our way. In Texas I think we have a better chance of that happening sooner than other parts of the country!

Posted by Jeannette Spinelli (Avenue One Properties) over 2 years ago

Jeannette We have managed to avid the extreme losses suffered by other parts of the country but this mess is still getting bigger so we are also in for some tough times. I do agree that we need to stay focused and be ready for our market, up OR down!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

Russell as I read through your post nodding my head I almost fell off my chair when I realized what that last photo appears to portray. I will not ask where you got that! It does remind of a few people!

Posted by Michael Sahlman e-PRO - Miami Beach Florida Luxury Homes (www.HomesForVIPs.com - Keller Williams Realty) over 2 years ago

Michael I am laughing so hard at your comment and I do not remember where I got that but it was the perfect illustration for some of the folks you and i unfortunately have to deal with at times!

Posted by Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Austin Texas Real Estate) over 2 years ago

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