Monday Morning Thoughts
Fighting words from Seth’s Blog:
If the “serial number profit motive” disappears from residential real estate, what happens? I think it could be bigger (and worse) than most people imagine. If the marketers in the real estate world understand the challenge they face, they may very well be able to market their (our) way out of it. They’re out of practice, though.
Who’s up for the challenge? FoREM readers, I suspect.
Agent Scoreboard | Aug 28, 2007 | Reply
I’m not sure Seth knows what he is talking about. The fact is they can make more Ferraris, and you can’t live in one.
I’m always amused when people compare the real estate industry to the stock market, share in a company are intangibles where as real estates is a hard asset, which has a work value, the value of the land and house as a home… people have to live somewhere. Real estate will never be worth zero.
The real grind is that if the dollar falls and real estate tanks… non-US investors will be here with their strong Euro to buy a piece of america….
Seth is just stirring the pot…