Housing Fall! “Will the Real Slim Shady Please Stand Up”

W A R N I N G, opinion release!
I read an article in the Dallas Morning News of a realtor who got out of the business because of the housing fall of 30% from the peak in 2006. They didn’t have their business set up and efficient like they should. Let me ask this, “where IS the REAL Slim Shady”. When I read this article, it brought my simmer to a little boil…I’m exaggerating a little for your blog reading enjoyment. It also reminded me of the Eminem song that blasted the charts years ago where there was and always has been a lot of “wanna bees” in the rap world just like the “wanna bees” we all see on American Idle, and he was calling them out. This market is culling the people in this industry that were faking it and getting by on the “ride” of the market. These times call for only the “real Slim Shadys”. Honestly, the previously established Realtors and Lenders in this industry didn’t see this 30% reduction in housing and tuck their tail and start licking their wounds. When I was young, I frequented a local water park that had a diving board and most water parks didn’t have them because of the liability reasons. I was a dare devil and still enjoy the more risky jumps from cliffs and flips on wakeboards that some might think is not perfectly safe.
Well, they also had an air system from the bottom of the pool that released high volumes of air so that as you jumped off the diving board and hit the water, you couldn’t sink and would easily make it back to the surface or if you hit your head and got knocked out, the bubbles would bring you to the top…call them liability bubbles. It’s a stretch for another metaphor, but Realtors and lenders couldn’t hardly drown in the housing market leading into 2006, because the market was so lush the “liability bubbles” would keep you a float. OK, so Texas has lost 3,000 real estate agents just since last summer. As far as loan officers, we have lost a large population as well. Now, real estate and lender offices are downsized running lean and mean and even if the majority of the Realtors and Loan Officers that still have a heart beat in this market don’t have the best knowledge and experience walking into client appointments, I can promise you the most of them at this point have the work ethic at minimum to make up for it…better for the clients too. If you have the work ethic, you’ll find the right answer if you don’t have it. From an industry partner to another, we are “The Real Slim Shadys”.

Looking in the mirror, DO YOU SEE “THE REAL SLIM SHADY”?