What Now?

What Now?
The economic stimulus bill has passed. Help is on the way. What about the businesses, jobs and homes that are irrevocably lost? Maybe they will come back in some form. The people who held those jobs will probably find somewhere to work even if it is the unofficial economy. The people who lived in those homes will find a place to live and eventually get another home even if they have to rent it. Consumption of housing is as important to our industry as home ownership.
Perhaps the greatest tragedy is the time of people’s lives that is spent in despair and the relationships that are damaged or lost. Most of us in the real estate industry are used to hard times and we may have had a lot of changes in our lives. Someone with a “real job”, who has been employed at the same place most of their lives may feel as if they have had an amputation when that career comes to an end.
The stock market will come back someday as well as everything else. How many people have their retirement funds invested in such a way that they cannot delay cashing in some of their assets? The financial problems of the recession will end. Some of the human wreckage left in the wake will be with us for a generation.



David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com