Really, Fannie Mae?

DSNews reported today that Fannie Mae believes the market will adjust in 5 years.  Adjust from what…to what?  We’ve been hearing this term “rebound” since the market tanked, but nobody is clear about what is meant when this is said.

Are they thinking that prices will return to the height of the market?  Not likely.  A measure of average appreciation in the 10 years prior to 2004 will show modest increases year over year.  If you apply the increase as though the market never went ape shit, you can draw a simple average that shows that even in 2020, prices won’t even come close to what they were in 2006.  So what do they actually mean when they report a potential “rebound?”

Government being involved in our business is nothing new, and fortunately for those of us who can think for ourselves, it will continue to fail at attempting to change the economy.  Perhaps that will keep the reality of personal economy driving the nation a reality long enough for us to regain control over our own nation.  Remember, we, individually, are the economy.  When we go to Starbucks, we are the economy.  When we see a movie, we are the economy.  The economic problems in this country can only be attributed to the personal financial habits of each and every individual.  The government only screws things up when they try to “boost” the economy through rules and regulations, and they do not have a crystal ball to predict the future.  The only “crystal ball” they have is their ability to manipulate the market to achieve half-assed short-term results.

 

The Drifter vs. The Non-Drifter

In Napoleon Hill’s “Outwitting the Devil,” an interview between an Earth-bound being and the devil takes place in which the concept of the drifter is revealed by the enemy.  When asked what the characteristics of a drifter are, the following list is presented.  Shortly thereafter, a list of characteristics of a non-drifter are outlined.

The Characteristics of a Drifter

  • Total lack of a major purpose in life
  • He will be conspicuous by his lack of self-confidence
  • He will never accomplish anything requiring thought and effort
  • He spends all he earns and more too if he can get credit
  • He will be sick or ailing from some real or imaginary cause and calling to high heaving if he suffers the least physical pain.
  • He will have little or no imagination
  • He will lack enthusiasm and initiative to begin anything he is not forced to undertake, and he will plainly express his weakness by taking the line of least resistance whenever he can do so.
  • He will be ill-tempered and lacking in control over his emotions.
  • His personality will be without magnetism, and it will not attract other people.
  • He will have opinions on everything but accurate knowledge of nothing.
  • He may be jack of all trades, but good at none.
  • He will neglect to cooperate with those around him…even on those he must depend on for food and shelter.
  • He will make the same mistake over and over again never profiting by failure.
  • He will be narrow-minded and intolerant on all subjects ready to crucify those who disagree with him.
  • He will expect everything of others, but be willing to give nothing in return.
  • He may begin many things, but complete nothing.
  • He will be loud in his condemnation of his government, but he will never tell you definitely how it could be improved.
  • He will never reach decisions on anything if he can avoid it, and if he is forced to decide, he will reverse himself at the first opportunity.
  • He will eat too much, and exercise too little.
  • He will take a drink of liquor, if someone else will pay for it.
  • He will gamble if he can do it on the cuff (meaning on credit.)
  • He will criticize other who are succeeding at their chosen calling.
  • The drifter will work harder to get out of thinking than most others work at making a good living.
  • He will tell a lie rather than admit his ignorance on any subject.
  • If he works for others he will criticize them to their backs, and flatter them to their faces.

The Characteristics of a Non-Drifter:

  • He is always engaged in doing something definite through some well-organized plan which is definite.
  • He has a major goal in life towards which he is always working and many minor goals, all of which lead towards his central scheme.
  • The tone of his voice, the quickness of his step, the sparkle in his eyes, the quickness of his decisions clearly mark him as a person who knows exactly what he wants and is determined to get it, no matter how long it may take or what price he must pay.
  •  If you ask him questions, he gives you direct answers and never falls back on evasions, or resorts to subterfuge.
  • He extends many favors to others but accepts favors sparingly, or not at all.
  • He will be found up front whether he is playing a game, or fighting a war.
  • If he does not know the answers, he will say so, frankly.
  • He has a good memory…never offers an alibi for his shortcomings.
  • He never blames others for his mistakes no matter if they deserve the blame.
  • He used to be known as a go-getter, but in modern times he is called as a go-giver.
  • You will find him running the biggest business in town, living on the best street, driving the best automobile, and making his presence felt wherever he happens to be; he is an inspiration to all who come into contact with his mind.
  • He has a mind of his own, and uses it for all purposes.
To learn more about what a “drifter” is, consider adding Napoleon Hill’s “Outwitting The Devil” to your library.  It’s a fantastic read.

He Just Doesn’t Get It

I have a hard time putting together the information that I’m given unless it has a clear end goal. In a real estate transaction, it’s pretty much a 1-2-3 process from start to finish, with many different potential problems that all have common, repetitive solutions. The hardest part of real estate for me, is maintaining relationships.

The hardest part of relationships, particularly romantic, personal relationships, is communicating effectively. That’s what’s hard for me. It may not be for you. I am intuitive, creative, and intelligent, but the way my brain works is different from others. I’m not saying I’m the only one who is like this. What I am saying is that in order for me to understand what it is that the other person is saying, who may not understand the difficulty I face in piecing together their words, I have to slowly process each thought or statement one at a time. When I say slowly, I mean slowly. I am not a debater. If I have knowledge of how something is supposed to work, then I can recall the solution and present it, but if you pose a question in the heat of the moment that requires me to deconstruct the words, interpret their potential meanings, and re-assemble them into a coherent sentence, and you expect me to do it on the spot, I will tend to explode all over you, without meaning to do so. So, processing this information may take me a few minutes, an hour, or it may take much longer. I have been known to understand what someone has said months after they’ve said it.

My learning style is such that I must dig into something, tear it apart, see it work, and then apply it. Without actually experiencing something, I won’t typically understand it. So, communicating with someone who isn’t in that same mind set is a serious challenge for them as much as it is for me.

crashcar1When I speak, I’m usually thinking out loud because I need to hear myself say it in order to continue to think about it. If you don’t understand this about me, then you may assume a line of thinking in me that actually doesn’t exist yet. In other words, it’s possible that what I say may be taken as rote when in fact it is merely my way of confirming that what I’m thinking is actually successfully being translated into communicable words. By testing those words against another person, I am able to hear them and gauge their response. The problem is when that other person has no clue about the mechanism in my head that drives this process, they just won’t get it. Moreover, they may feel throughout the relationship that I’m the one not getting it.  Actually, it’s both of us that aren’t getting it.