1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

The Future & Economics

Discussion in 'General Real Estate and Real Estate Finance' started by Julio E. Sune Jr. (FL), Apr 18, 2009.

Thread Status:
Not open for further replies.
  1. Julio E. Sune Jr. (FL)

    Julio E. Sune Jr. (FL) Senior Member

    0
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    http://www.cnn.com/2009/POLITICS/04/16/shapiro.entrepreneurs/index.html

    [If we cannot borrow money, then our children won't be able get the mortgage to buy a house and our neighbor won't have access to a small business loan to finance a new venture. The next generation won't have a Bill Gates, a Steve Jobs or a Mark Zuckerberg because the budding American entrepreneur won't be able to secure the financing to create the next dynamic technology company that would have energized the economy.

    What will the future look like? If the government keeps on its current course by refusing to make tough choices, it will saddle our future generations with unprecedented debt and make it nearly impossible for entrepreneurial companies to compete in a marketplace crowded with companies that Congress refused to let die.]
     
  2. Austin

    Austin Elite Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Virginia
    http://online.wsj.com/article/SB123992073614326997.html

    Goodbye Bland Affluence


    A small sign of the times: USA Today this week ran an article about a Michigan family that, under financial pressure, decided to give up credit cards, satellite television, high-tech toys and restaurant dining, to live on a 40-acre farm and become more self-sufficient. The Wojtowicz family—36-year-old Patrick, his wife Melissa, 37, and their 15-year-old daughter Gabrielle—have become, in the words of reporter Judy Keen, "21st century homesteaders," raising pigs and chickens, planning a garden and installing a wood furnace.
     
  3. moh malekpour

    moh malekpour Elite Member

    0
    May 25, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    That is the way to go. It is called learning the hard way by life experience. Asian nations are practicing this kind of lifestyle for generation. They teach their children and grand children that there is not going to be daylight all the times, there is not going be sunny days all the times and there is not going to be spring all the times. They should always save and be ready for rainy, cold and dark days.
    American who experienced WW 1 and 2 and the great depression, learned and memorized that experience and those who are still alive are practicing that kind of lifestyle but their children and grand children never had any such experience and never care to save fro rainy and dark days as if every day is going to be sunny and shining. This experience is going to teach them a lesson. It is painful but it is good and necessary
     
    Last edited: Apr 18, 2009
  4. Restrain

    Restrain Elite Member

    1
    Jan 22, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    Here's what's coming. $600B in "cap and trade" and other fees/fines for breathing (actually CO2 regs) but the money is just a tax. Put that in the pipeline and you won't have businesses hiring, you won't be able to pay the light bill, and fuel costs will make last summer's $4 a gallon look great.
     
  5. Workbox

    Workbox Elite Member

    1
    Mar 2, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Many were taught the virtues of saving for a rainy day, but mass advertising got those rainy day funds.
     
  6. Terrel L. Shields

    Terrel L. Shields Elite Member

    66
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    I agree there will not be another Bill Gates and there won't be another Sam Walton. But truth is both of the above did everything in their power to influence government in a manner which furthered their businesses while throttling their competition. Windows isn't the OS of choice because it is the best, but due to the salesmanship of Gates and the unrelenting efforts to thwart their competition. They deliberately wrote code that make other OS and browsers not work. They sabatoged WordPerfect and Lotus123, which were the spreadsheet and wordprocessors of choice until Windows 3.1 and the development of Excel and Word.

    Sam's methods were even more brutal perhaps. They would go into a small town, pick out the businesses that were in town and sold say, typewriters and office supplies, then feature tons of cheap typewriters, forcing these businesses to shut down. Once they shut them down, then Wal-Mart only stocked the most profitable typewriter (not typewriters) and had 100% of a captive market. They did it to Auto parts, sporting goods, fabric and sewing supplies, shoes, and groceries. One E. Texas town that Wal-Mart packed up and left when it proved unprofitable left the town without a single place to buy socks, sparkplugs, or tires. They literally destroyed the towns business community then left it.
    That is pure capitalism at its worst.
     
  7. Mike Kennedy

    Mike Kennedy Elite Member

    28
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
Thread Status:
Not open for further replies.

Share This Page