Skip to main content

Perspective Produces Progress

Each week I try to write something that will either make you think about a rather humdrum mortgage/real estate topic in a new way or at least clear the cerebral cobwebs.  Admittedly, some weeks I’m better at accomplishing that than others my apologies for those “off” weeks.  As I’ve been trying to come up with a topic for this week’s missive, it’s not so much that I’ve been hitting a brick wall that’s been keeping me from inspiration, it’s that I’ve felt sort of “dragged down” by so many things that have been happening here in our own backyard over the past few weeks that have been . . . less than inspiring. 

It seems that wherever you turn TV, radio, Facebook, Instagram, newspapers (they still exist) one party isn’t happy unless the opposing party is proven wrong and/or devastated.  I’m not advocating the philosophy that “everyone’s a winner and should get a trophy just for showing up” I’m an advocate of just the opposite when it comes to competition: people learn from not always winning.  No, what I mean is that there’s so much hatred and vitriol (that’s a fancy word for low-down dirty meanness) being poured out in these written and verbal attacks, you’d think the subject being contended were a matter of life and death EVERY TIME.  How exhausting! 

I’m reminded of a quote from the novel To Kill a Mockingbird where the father, Atticus Finch, is helping his daughter, Scout, understand a fundamental truth: “First of all, if you can learn a simple trick, Scout, you’ll get along a lot better with all kinds of folks.  You never really understand a person until you consider all things from his point of view . . . until you climb into his skin and walk around in it.”  Obviously, the family patriarch isn’t suggesting his daughter pull a Silence of the Lambs on anyone.  His advice, though, that she stop for a minute and understand another person’s point of view will help defuse most situations or at least soften what may be prepared to come out of her mouth or flow from her fingers on a keyboard.  We’d all be better off following Mr. Finch’s advice. 

In a real estate transaction, you have two sides, and that’s okay.  What’s not okay, though, is that these two sides are, far too often, viewed as opposing sides and that hurts far more than it helps.  Before a home goes under contract, sure, fight like the dickens to get the best price (for the buyer and the seller).  However, once that house goes under contract, the two sides should now operate as a team.  Each member of that team, certainly, has different responsibilities and should be willing to live up to them in their entirety.  But the fact of the matter is everyone in that transaction has THE SAME GOAL: close the deal for the agreed-upon price ON TIME.  Climb into the other party’s skin, metaphorically (let’s be clear), and walk around for a while so you can understand that you have the same goal.  Again, we’d all be better off following Mr. Finch’s advice, right? 

Well, let me give you one more morsel of homespun wisdom from Harper Lee’s American literary classic.  Atticus has been asked to defend someone in court, and he knows it’s not a popular position he’s about to assume among his peers and neighbors, but he says this to his kids: “This time we aren’t fighting the Yankees, we’re fighting our friends.  But remember this, no matter how bitter things get, they’re still our friends and this is still our home.”  Let’s all remember, real estate is important, but it isn’t a matter of life and death!  Perspective produces progress.

Comments

Popular posts from this blog

Financial Nearsightedness

Years ago when the Consumer Financial Protection Bureau was created, we had some wacko thought that part of the job of the folks filling its ranks would be to . . . protect the consumer.  In some people’s view, this would mean that builders of new homes would no longer be able to dangle the carrot of “free” incentives if the buyer would finance the purchase through the builder’s in-house or preferred lender.  To those same people, it just made sense that the CFPB was created to even the playing field and make it so that the consumer got the very best deal available.  Well, we were wrong. Builders ARE allowed to offer incentives for using their in-house and preferred lenders despite the fact that sort of goes against the idea that the consumer is getting the very best deal available. And for most consumers, all they see is the incentive, and this computes to less money coming out of their pocket at closing  –  and they’re right (sort of).  The purpose of today’s article is si

Topless Professionals - Nope

Fads come and go, certainly, but you can’t always tell the difference in the moment between a fad and a trend  –  because refusing to adapt to the trends can be limiting . . . if not disastrous.  Let me share a couple of examples where failing to see where things were headed didn’t turn out well.   An engineer presented the idea of a “filmless camera” to the executives at Kodak back in 1975, but they laughed him to scorn.     In 2012, Kodak was forced to file for bankruptcy because they failed to adapt to the digital world.     We all know Steve Jobs and Steve Wozniak, but how many of us recognize the name of Ron Wayne (and, no, that’s not Batman’s brother)?     Ronny was the third founding member of Apple, and he sold his 10% stake in the company in 1976 for $1500.     His shares would now be worth over $50 billion.     WAY BACK in 2000, Reed Hastings approached Blockbuster and offered to sell Netflix for $50 million.  Blockbuster turned Hastings down.  Netflix is now wor

Sitting on the Fence Only Gives You Splinters

“I woke up this morning and couldn't find my socks, so I called information.   She said they were behind the couch.   She was right.”   Reading the words of comedian Stephen Wright isn’t quite the same as actually hearing them with his deadpan delivery, but they’re still funny.   The same can be said for timeless wisdom: whether you hear it coming directly from the lips of a wizened old sage or you read it in a little missive such as this, it’s still wisdom, right?   They say a picture’s worth a thousand words, so you’re about to get 2,000 words’ worth right here: I’m going to show you two graphs that are going to speak volumes about buying power and interest rates – far more than I could convey if I tried to write over 2,000 words (and probably put you to sleep).   Obviously, this first graph shows how even a slight change in interest rates can affect someone’s buying power in the real estate market.   There’s a fairly big swing between what someone can a