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January 23, 2008

I want to laugh

Filed under: Real Estate Condos — Thimble @ 8:50 am

In the movie, Airplane, the airplane is certain to crash and in the control tower the newspaper are being passed around with dire headlines. Three characters: Kramer, McCroskey, and Johnny all cite a headline.

Kramer: “…passengers certain to die!”
McCroskey: “…airline negligent.”

“There’s a sale at Penny’s!”

That scene always cracks me up. In the wake of a catastrophe, there is humor to be found.

Listening to all the positive news about the stock markets the last few days…I mean utterly negative and depressing news…I can’t help but wonder why we don’t take a step back from under the microscope and look at the bigger picture and shed some light on this predicament. I mean, if anyone had an ounce of education about real estate or finance, then they would know that both of these industries go in swings…like a pendulum. There are good years and then there are bad years. When it’s good, it’s great and when it’s bad – it’s really depressing.

The same notion can be applied to the condo market. Condo markets in some areas (I will not classify the entire US Condo market in this blog as that would not be a fair assessment) of the US are struggling – there is no doubt. But this is to be expected with Supply exceeds demand. What good does it do to keep reporting on the foreclosures and the bankrupt developers? Does this boost US morale? No – it doesn’t. Does this enable the US to think that we’re headed into a recession? Most likely.

In my experience, the healthiest form of getting out of any terrible predicament like the one that the US and the rest of the world is in, is humor. Laughing is the greatest medicine of all time. I propose that in the wake of all this terrible and depressing media in regards to the condo market and finance world, humorous stories and interviews interject. I would produce and direct humorous stories…but I would have no idea where to start. So…all you out-of-work writers in LA and NYC – if you’re reading this, come up with some humor for these depressing times. I want to know that after my condo is forclosed on, my portfolio is depleted, that hey, Tom Brady dumped Giselle and went back to Bridgette – or any sort of humorous story that means absolutely zilch.

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