Downshift

Downshift
Is the economy seeking a new low or its true level? A tenant came in late with his rent yesterday. He has been laid off from his white collar job. He is “reinventing” himself. He is cutting grass. A Mexican tenant came late with his rent for the 1st time ever. He cuts grass for a living. I know a few people who are doing better than before. Most of the people I see are doing worse.
It is inconceivable that closing auto dealerships that cost the manufacturer nothing will help the automobile industry. It will probably help the remaining dealers. Too many cars are made and sold anyway. Think of the squandering of raw materials and labor involved in making a car that winds up at the crusher’s lot in 6 or 7 years. Think of the environmental impact of the wasteful consumption demanded for the survival of our current economic system.
Suppose everyone who wanted a job had one; but only worked 4 or 5 hours 4 days per week. I would guess they could produce more of everything than the world really needs. The real problem is our economy is like a drug addiction problem. Everyone needs more and more just to maintain the current level. Is our current situation an opportunity to correct this situation? Will we just try to fix things and go back to what we were doing until there are no resources left?
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com