Please Keep Up!

I read many newspapers and magazines for information, and a few just for the pleasure of the writing as well — like the Weekly Standard. The erudite use of the English language is often missing from publications, which tend to “write down” to what is their presumed readership, but he Weekly Standard assumes adult readership.

Many years ago, I wrote for a small computer weekly in San Diego, which still exists but under another name, but the weekly Editor’s instructions to writers were: “Write as if you were explaining to your elderly Aunt, who is quite bright but completely non-technical.”

Subsequently, I began my columns for a North County Daily, whose Editor gave these instructions: “Write to the Ninth Grade level.”

To his credit, my current Editor, and my previous two Editors, gave me no instructions at all — they had seen my columns in previous publications, and understood that I write what I write, and attract readers to whatever level that is.

The Weekly Standard writes to a high level, and says, unabashedly, “Please Keep Up!”

That is a phrase that might be applied as well to the freeways of California, which have recently been running at 82 or 83 MPH. Not everyone has the word. Our main problems are recent emigrants to the state from parts of the country, or world, where these speeds are unknown except for fleeing felons!

 

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Markets Are a National Health Thermometer

There were five million home sales in 2014, of which one million were new-home sales.

Interest rates are at historic low rates, and might even slide further, but there is also a drag on the market — low inventory.

You might logically think that low inventory and low interest rates would equate to higher prices, but, alas, that is not necessarily so. The missing ingredient is Buyers.

There aren’t enough to drive the market higher.

Why? Well, we fished out the pool over the previous several years and it takes some time to replenish the pool.

I have been a Real Estate Broker for 32 years, although I am now a “Boutique” Broker — I only handle the real estate of my friends. Real Estate is a market just like any other market, although it is one where normal people participate…without knowing they are participating in a financial market.

I hope that people do not know they are participating in a market. I hope they buy their homes because they love the looks, price and location. I hope they buy their home because it will keep them warm and dry.

That is because I am a Real Estate Broker. I am NOT an Investment Broker. I don’t know, or care if the market is going up or down for any particular client — I only look at the market overall because I care about markets in general as an American.

Markets are the thermometer for the health of the economy, and of America.