Thinking Outside the Box

Published by julia | Filed under Buyer / Seller Tips, Miscellaneous, Real Estate, Shout Outs, Uncategorized

Builders, Lenders and Realtors Work Together

With all the gloom and doom we hear everyday, all that seems to be mentioned is the need for a government bailout to help our economy. Why is that? Why can’t we as a viable sector of our community come up with our own solutions? Here are a couple of ideas to ponder. Chances are you have probably already thought of them.

What our local economies need are jobs to be created. When people have jobs, they spend money. This money gets spent at places that employ other people. And those companies purchase items from companies that employ other people, and so on and so on. If we get the local builders working again, lots of people will have jobs and money to spend.

Here’s how we can do it. The builders and lenders need to gang up, so to speak, on the banks that lend to the lenders to get them to relax some of their criteria on mortgage lending. If they will do just a little, a lot of people might be in a better position to qualify for a mortgage. If more people can qualify, then more houses can be built. And more jobs can be created. And more money can start flowing throughout our local economic sectors and begin the circle that is growth.

Or we can have realtors and lenders do the same ganging up on the banks. If the real estate market is going to be jump started, it will be thru sales of existing homes within our communities. When someone else besides the buyer lobbies the banks, they may sit up and take notice. Who better to listen to than the very professionals that see the effects of ‘piano string’ criteria each and everyday? They may actually begin to think rationally.

It is understood that very few of the people looking to build a new house or buy an existing one are qualified to do so. And it is tough even for those that are able to buy. But if we can effectively market a campaign to make the bankers realize with their heads not their pens how much more a little relaxation will do, the possibility of turning this thing around sooner than later are good.

Conventional wisdom says that these ideas have been tried and are no longer effective. Maybe they have been tried before. And they worked before. Now is the time to make them work again. It just means putting the noses back to the grind stone and mapping out a new plan of success. A plan that will make everyone involved play a vital role in the ‘righting of the ship’.

Anyway you slice it, we need to get creative in how we approach this time in this market. No one wants to be the first to try, but somebody has to. A group of somebody’s needs to be the first body’s to get the ball rolling. That is the hardest part. If the bankers are as desperate as they appear to be, this should be an easy way to generate some cash. And they can take the credit for the ideas. So, get your thinking caps on and do some exploring outside the box.