Slump, Recession, Depression, Crisis, Doom, Gloom, Debts, Bankruptcies, Shortcomings, Backward, Poor, Redundancies, Decline, Dip just to name a few! NO more Money, Housing market to fall 30%, Homeowners Beware, Banks Failing, Credit Crunch, Market Disaster just a few of the headlines you see in the media now.
Why is this the emphasis of our lives. Everything is negative. Maybe it’s an instinct to try and protect ourselves and our assets. Or maybe it’s a way to hide a more deeper concern with our lives. I don’t know. But don’t you think we are our own worst enemy. All the negative and bad news. Not just to do with Real Estate but almost everything. Does it have to be like this. Well let’s face it BAD NEWS SELLS.
So are we in a society that now flourisishes of other peoples misfortunes. Or do we enjoy seeing big corporations going under. Well it definitely makes things interesting. And facts are facts. But the spinoff on these events to me seems to be over the top.
Take for example the OCR drop last week. This is a significant move by the Reserve Bank of New Zealand. Now there was some small amounts of good news if you looked for it. But instead what smacked you in the face was all the negative hype. This is just one of the comments made,
I hate to say this but Dr. Bollard is like any trader with a big bet.
He single handedly sold approx. NZD 4.0 billion short on the open forex markets on behalf of the RBNZ.
It’s hard for me as a retired professional trader not to think his vision is coloured by this fact. He is certainly on to a winner.
Equally, it is now impossibly hard for me not to spend every spare penny before inflation and taxes and the currency collapse make my NZD income from savings worthless.
So much for a balanced national trade/current account.
These types of comments are being made all the time on such sites like interest.co.nz. It seems to be a place where negative people hang out and try and justify their knowledge by disagreeing with everything and everyone.
Bad news is negative. Negative news creates a sense of unrest. Unrest causes unhappiness and its this unhappiness that is a huge driving factor to why most people on the street are stuck in the moment we call now.
You can’t say facts aren’t facts. And when a bank fails overseas it will have implications. Or when the OCR is dropped it will have implication some negative some positive. Why is it the negative that gets voiced the loudest. Not the positive. There is a saying that goes – one will feed off the environment around them. This being the case then we are feeding off some fairly negative stuff out there.
The internet unfortunately has very little accountability to what is being said. So anyone can say anything they like. Which if in the right context can be an extremely valuable tool. But I think it’s going too far. People are becoming worried. I have had a purchaser pull out of a deal today because of what she heard on the TV last night that property values will come back 30%. Is this what the speculators want. Probably so they can bag the bargins that will follow for themselves. Which will then trigger the next boom which they will sell make their money and then rant and be negative again.
Life goes on and there could be some reason to think that prices may come down but just look at the facts. Look what’s happening around us today. There is economic uncertainty, there is a problem but why think of it as a problem. There are houses selling. People are not losing money at the rate as been perceived. Remember we are all in this together.
Maybe a bit more emphasis on the positive side to the negatives would spark some consumer confidence and get some peoples heads out from beneath the blankets. People in positions of perceived knowledge should maybe instead of constantly bagging and putting the property and financial markets downwards could instead shed some light to help make people confident again. There is no reason to be as negative as we have been. Something needs to be done before all the negative people around us drag the rest of us down!
If you have questions on the market. Talk to a local Real Estate Agents who knows the facts. They will be able to provide you with the cold hard positives and negatives of the time. Listen to all the information. It is a great time to buy Real Estate. It is a great time to Sell. If you think like that you WILL get a result. And Just remember if it is a little tough its tough for all of us.
2 thoughts on “No More Negative!”
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Hey Deon, Property prices are slumping – that’s a fact. But that’s not bad, that’s excellent. The more they slump the better. Your client did the right thing by pulling out – you’d be a fool to buy now unless you got a great bargain. Sellers and real estate agents need to get real. Houses are WAY over-priced at the moment. If you’re a real estate agent you need to learn who your new customer is – the buyer. Stop trying to hike the price up for the vendor like you have for the last few years with a guaranteed sale. Convince the vendor to drop their price dramatically – and you will sell houses and start making your precious commission again.
I can now afford to buy my first house. But I won’t be sucked in like the fools of the recent past. The ball is now in my court and it’s great. I’ve got the money, but don’t expect me (or anybody else) to buy one of these rediculously priced houses on the market today. Seriously drop the price, step back into the real world, and I’ll see you at the bank! Life’s good (especially when surrounded by greedy fools getting their just desserts). Bring on the real slump – you aint seen nothing yet! Brilliant.
Dan,
Really appreciate your comments, espessially the openness and honesty.
We cant predict whats going to happen in the future. I know its hard for first time buyers out there, with high interest rates, high petrol, food and living costs and the high price of buying a house. I know because all my friends are first time buyers now and are looking at the market.
The mixed signals out there are never going to change. At the end of the day Dan you have to do whats best for you. And I would hope that when you do work with an agent to try and buy a house they help you the best they can and have your best interest in hand.