How national, international economics impacts local housing market


It’s very surprising that many, many people are ignorant to the fact of what supply and demand economics means and as well as “drip down economics” that our President Regan and others had based many of their economic policies on many, many years ago with their so-called beneficial programs for the masses or what was the “middle class” at that time.

So what happened to our middle class?

Obviously it was a total disaster and a complete “failure.”

Maybe the upper management received some of those “trickle-down benefits” but what about the workers or again that “middle class” whom we have been losing for many, many years, to what it is today, almost non-existent and continuing to erode and maybe one day to be extinct!

From my calculations and as a very knowledgeable broker and a pretty smart and savvy person, (I have done my research and analysis) unless you are earning at least $100,000-250,000 per year depending on what sector of the U.S. you are currently living in, life is tough and many have second and third jobs just to make it!

Here is a link to an article from the Independent Media, written by John Lord on June 12, 2018 about what was happening in Australia about their soon to be elections in 2018.

After reading it, doesn’t it sound familiar as to what is going on here in the U.S?

Our middle class is a joke and truly going by the wayside! Throughout the centuries, once you lose your middle class you lose your empire! Our current system will never work as long as the worker, those that are truly qualified and are productive individuals within our society, go through more additional advanced training, or re-training by getting them much more motivated, enthusiastic and excited for their futures in our global economy.

They must be as productive as they can be for their companies, by training them to be cognizant and adaptive in listening skills, learning, by being more laser-focused, absorbing and practicing and doing their homework, like they are back in school or college.

Finally applying what they have learned, and also by management provide more caring and hand-holding so those workers will earn the right to receive the necessary remuneration and a living wage for their hours of laboring.

This, in turn, will enable them (those 35 percent or so, that do not own their own home!) to be in a position to purchase their first co-op, condo, townhome or single-family home and at the same moment in time to make their companies that much more productive, because stress is reduced, workers are happier in a new rewarding environment and at the same time keeping the rich, still rich and maybe just a tad bit less wealthy (or maybe this new environment might just make them even richer through greater production and increased capacity?).

Attention, those that are rich and wealthy, there is no “U-Haul behind your hearses, so why is better?

Unfortunately, this has been the same scenario throughout human history, why is this so? Money and greed! How much accumulation is necessary, even in a Democracy, where we can earn as much as we want; but where so many in the U.S., Veterans living on the streets with all the other homeless and those living from paycheck to paycheck can’t seem to get ahead?

This is where civilizations and governments begin to stumble and go down the path of no return and then die a terrible death. Most critical, who knows what effects this current Corona Virus will have on our country as well as the rest of the world and their economies? Is this where the U.S. is heading?

Maybe, since the average life of an empire (aren’t we one, right?) is only 349 years, believe it or not, and we just might be going towards the end of our existence or maybe not if we all pull together and stop arguing, fighting, discriminating, killing and scamming each other and really and truly begin to care for each other.

Come back for Part 2 in next week’s edition of your paper.

Philip A. Raices is the owner/Broker of Turn Key Real Estate at 3 Grace Ave Suite 180 in Great Neck. He has earned designations as a Graduate of the Realtor Institute and a Certified International Property Specialist. He can be reached by email: Phil@TurnKeyRealEstate.Com, or by cell: (516) 647-4289.


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