E&0 – Editorial and Opinion
This Month’s E&O is written by Eric Blackwell.
Have an opposing view? We welcome it! Please contact us! We want your voice to be heard.
My Crystal Ball for the Real Estate Industry…
Well…um OK…it is more like one of those Magic 8 ball things that you consult when you want to know the future. If you shake it up and ask it a question and turn the window of it up, answers vary from Deninitely not…to Possibly…to Signs indicate “Yes”…to “Try Again”. That seems to be the answers we are all reading in the economic tea leaves these days.
Some of it depends on your political point of view, I suppose, but MUCH of it depends on how your bank account and business pipeline is looking at the moment. If you are succeeding, then business is good. If not, then the world is coming to an end. 
While I have enjoyed reading MANY of the economic prognostications out there, one thing has always held true for me and I am sure that it will for you as well. REALLY. I am sure of it. While economic circumstances affect our industry in a macro sense, there will be winners and losers in EVERY market. There will be big losers in the best of markets and big winners in the best of markets.
Microsoft was started during a recession.
Some of the businesses that are going under right now (like newspapers for example) offer agents and brokerages unprecedented opportunities to access buyers and sellers online for much less cost than ever before.
Success is always a matter of perspective. It always has been. Yes, there are economic tsunamis that crush even the best of businesses SOMETIMES. Those instances are further between, in my opinion, than we give them credit for. So what am I getting at with all of this?
Well, umm…. I am kinda saying whatever your opinion of the economic future is, divide the severity of it by 2. It will put you in a more resourceful mindset to deal with it. Is it ture…who knows…(including you), but it is a USEFUL strategy. Here’s the other corollary to that. Whatever work you are doing to make your business grow, REDOUBLE it.
Your success in the real estate industry depends a heckuva lot more on your work ethic than it does on your accurate assessment of how many percent of potential homebuyers will not be buying because they do not have a tax incentive.
Just my two cents.
