The Real Estate Market Is The Center Of The U.S. Economy. Whatever Direction It Goes The Majority Of The U.S. Economy Will Follow
(This aricle is an excerpt from my America's Financial Crisis Solutions Book, which I wrote in the Spring of 2008.)
As we enter the year 2008 it is absolutely critical that our government do everything within its power to get the U. S. Real Estate Market stimulated in a positive direction very quickly and very successfully. The reason, as I’ve already indicated, is wherever the Real Estate Market goes the overall economy usually follows. When the Real Estate Market is good the overall economy is usually good. The reverse is also usually true. When the Real Estate Market is bad the overall economy is usually bad. One of the 6 major pillars that supports the U. S. economy’s tower of power is the Real Estate Market. When this specific pillar begins to crack, weaken, and wobble the entire tower is capable of not only swaying but also collapsing as well. This is true because when even only one piece of real estate is not purchased or refinanced hundreds of thousands of dollars do not filter directly and indirectly into the U. S. economy. However each time when even only one piece of real estate is purchased or refinanced hundreds of thousands of dollars do filter directly and indirectly into the U. S. economy. These are exactly the reasons why the Real Estate Market always has been, is now, and always will be a tremendous economic stimulant that impacts the U. S. economy in either a very positive or very negative manner.
Examples Of How The Real Estate Market Can Positively Stimulate The U. S. Economy
As I indicated every time even only one piece of real estate is either purchased or refinanced it results in hundreds of thousands of dollars filtering directly and indirectly into the U. S. economy. As a result of this filtering process the U. S. real estate market and overall economy have traditionally grown, prospered, and remained relatively healthy. This is exactly why it is now critically important to get the U. S. real estate market stabilized and gradually back on positive tracks as quickly as possible. Accomplishing this will also have a significant impact on stimulating the overall economy in a positive direction as well. Now here are Examples of how hundreds of thousands of dollars filter directly and indirectly into the U. S. economy each time even only one piece of real estate is purchased or refinanced. Remember this filtering process results in a positive stimulation to the U. S. economy.
Direct Examples Of Positive Stimulation
1. More mortgage commissions are generated
2. More mortgage interest is generated
3. More real estate commissions are generated
4. More title insurance fees are generated
5. More home inspection fees are generated
6. More pest control inspection fees are generated
7. More environmental inspection fees are generated
8. More township inspection fees are generated
9. More appraisal fees are generated
10. More survey fees are generated
11. More home warranty plan fees are generated
12. More home insurance premiums are generated
13. More mortgage insurance premiums are generated
14. And believe me, I could list a lot more
Indirect Examples Of Positive Stimulation
1. More moving fees are generated
2. More landscaping fees are generated
3. More interior decorating fees are generated
4. More furniture is bought
5. More window treatments are bought
6. More carpeting and various types of flooring are bought
7. More appliances are bought
8. More home improvement products are bought
9. More general contracting fees are generated
10. More painting is done
11. More windows are purchased or repaired
12. More doors are purchased or repaired
13. More roofs are installed or repaired
14. More siding, downspouts, and gutters are installed or repaired
15. More plumbing service fees are generated
16. More heating service fees are generated
17. More electrical service fees are generated
18. More air conditioning service fees are generated
19. More masonry work fees are generated
20. More cesspools and septic tanks are installed or repaired
21. More drinking water wells are drilled
22. More water softeners are purchased
23. More basements and crawl spaces are waterproofed
24. More cars are bought
25. More gas is used
26. More fuel is used
27. More utilities are used
28. And believe me, I could go on and on with this list as well
There Is Absolutely No Doubt About It
I think you get my point. There is absolutely no doubt about it. Every time even only one piece of real estate is either purchased or refinanced hundreds of thousands of dollars filter directly and indirectly into the U. S. real estate market and overall economy. Real Estate Ownership is 1 of the 6 Fundamentals of the U. S. economy that I will be discussing in Section #2 of this book and that is absolutely necessary in order for the U. S. real estate market and overall economy to grow, prosper, and remain relatively healthy. When you take away the ability for Americans to purchase real estate, which has happened since the year 2004, you take away their ability to have their real estate market and overall economy grow, prosper, and remain relatively healthy. A substantial decrease in Real Estate Ownership is one of the major reasons why the U. S. real estate market and overall economy have deteriorated very badly since the year 2004. Trust me when I tell you the year 2004 will truly go down in the economic history books as the end of the approximately 228 year U. S. real estate market and overall economic boom and the beginning of a bust that may very well result in the United States experiencing its Second Great Depression.
Respectfully, Phil Mitsch
Cherry Hill, New Jersey
856-665-6569
http://PhilMitschForAmerica.com
@philmitsch
philmitsch@verizon.net
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