When I am in a low state, nothing turns my mood around quicker than a new discovery or re-discovery.
There is a book out now called "The Fred Factor". It's great. It is all about thriving in life versus just getting through life. To describe it in Mormon speak, it is about magnifying life instead of just experiencing it.
Fred is a postman. He gets to know the author of the book by introducing himself personally at the author's door the first day the author moves into Fred's route area. He then outlines a few suggestions for keeping his personal information safe and his home secure when he is out of town. He also offers to take note of the future travel plans of the author so he can bundle the mail and deliver it upon his return.
Fred enjoys living. He thrives because he creates value despite not being paid for it and he really cares about people. This is success.
It dawned on me (or really re-dawned on me) that as long as I focus on things I can't control I will not be happy. I can not control what happens in this real estate market or whether market conditions favor my efforts to put deals together that will close. I can control expanding my relationships and influence with the players in the market. I can control working to better understand how people communicate and how to sincerely connect with them and how to influence them. These are the things that really matter anyway.
Last night I found a web-site that proclaims that acheivement is 15% knowledge and 85% relationships. If my primary purpose and objective is learning how to expand my influence with others then I can absolutely thrive regardless the market conditions.
We can constantly re-invent ourselves, our outlooks and look at our purpose in new a creative ways. The main point is to keep ourselves full of hope and faith living true to our nature and sharing the best of who we are with others in a helpful manner.
Monday, December 03, 2007
Sunday, December 02, 2007
Christmas Coming
Dane has been singing "Deck the halls with thousand collies... falalalala..." He thinks those are the words and I'm not going to dispute it. Especially since we don't have many halls in our house and we certainly don't have hollie (sp?). What is hollie?
Here's how we've been 'decking' -- Meagan bought a very large quantity of large and small marshmallows and big round peppermints. I am told these will form layers in a large clear glass vase-like thing with a lid that looks like George Jetson's boy's hat. Tree and lights are still pending my initiation.
Missionary work takes a lot of faith. So does working in sales. I am enjoying work: the challenge, the freedon, the potential rewards, etc. To be a good missionary you have to be confidant in your message and be willing to fearlessly talk with anyone. In sales, you have to be confidant in your product or service and be willing to fearlessly build and maintain good relationships with people.
As a follow up to my speculation about the shadow market from last post, the following is my revised opinion:
I think it is likely a good portion of the properties going through foreclosure are passing through the hands of investors and a good portion of those are likely becoming rental units. While the ongoing forclosure wave is adding supply to the single-family rental pool (shadow market) it is likely that the folks losing their homes to foreclosure are going to end up renting a home-so the net effect is probably neglible.
This means population, income and job growth could be more important factors on future rent growth than the size of the shadow market... Job growth has been on a decline over the last several quarters and population growth usually follows job growth pretty closely. Interest rates are still low and have the potential for going lower at a time when homes are becoming cheaper which isn't blocking people from buying new homes. Rent growth and vacancies in multi-family housing will likely be weaker than in the recent past looking forward.
Here's how we've been 'decking' -- Meagan bought a very large quantity of large and small marshmallows and big round peppermints. I am told these will form layers in a large clear glass vase-like thing with a lid that looks like George Jetson's boy's hat. Tree and lights are still pending my initiation.
Missionary work takes a lot of faith. So does working in sales. I am enjoying work: the challenge, the freedon, the potential rewards, etc. To be a good missionary you have to be confidant in your message and be willing to fearlessly talk with anyone. In sales, you have to be confidant in your product or service and be willing to fearlessly build and maintain good relationships with people.
As a follow up to my speculation about the shadow market from last post, the following is my revised opinion:
I think it is likely a good portion of the properties going through foreclosure are passing through the hands of investors and a good portion of those are likely becoming rental units. While the ongoing forclosure wave is adding supply to the single-family rental pool (shadow market) it is likely that the folks losing their homes to foreclosure are going to end up renting a home-so the net effect is probably neglible.
This means population, income and job growth could be more important factors on future rent growth than the size of the shadow market... Job growth has been on a decline over the last several quarters and population growth usually follows job growth pretty closely. Interest rates are still low and have the potential for going lower at a time when homes are becoming cheaper which isn't blocking people from buying new homes. Rent growth and vacancies in multi-family housing will likely be weaker than in the recent past looking forward.
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