Market Free Fall September 29th

So, what an incredible day to begin blogging for my latest adventure, starting a full service real estate company, HQ Real Estate and Investment, LLC, in one of the supposed worst markets/economy ever (state of economy at present) in one of the most overvalued (not my words) markets (Phoenix and Scottsdale, Arizona) around. I am not deterred by that and neither should you be and I will explain why shortly.

In the words of my new husband, "The honeymoon is over and it is time to get to work!" This current crisis in the litany of crises we have been negotiating over the last year or so is not reason to panic, but reason to begin if not continue practicing the Keys To Riches(TM) we went over on the radio show I hosted a couple of years back. If you are not familiar with the Keys please surf over after you finish this blog and acquaint yourselves with the financial concepts and opportunities available for you to turn your life around at http://www.keystoriches.com/ . We should have the archived broadcasts from the Unlock Your Wealth(R) with Heather Quintero uploaded and available for pod casting within the week. We are preparing to relaunch the show in January of 2009 but in addition to blogging I will also be doing some pod casting for your enjoyment and edification until then.

Today I am not going to pontificate ad nauseam because all of the pundits are already saying I told you so in their own words. I will share with you this opinion about why it is a good thing and a bad thing the bailout package did not pass:

The good reason for the bailout package not passing is this:
Just as a perpetually spoiled child that never suffers consequences for their inappropriate behavior and whenever trouble besets them momma and papa bear are there to bail them out, they NEVER learn what is appropriate because they know inherently that they don't have to as the mama/papa bear safety net is there to fix things every stinking time.

So goes the market, if we let business believe they can operate with reckless abandon and government will just bail them out if they mess up, they have no incentive to perform and behave appropriately because they don't have to either.

Yes it is unfortunate that folks will lose money, yes it will cause a distinct change in the way we live day to day for a while, but that is why the stock market in not insured and we are all aware of the risks associated with investing in the stock market. No one complained when they were receiving 20%+ returns, no one gave their money back saying they made too much this quarter, year after year.

The bad reason is this:

We sold a lot of that crap overseas and borrowed foreign money to shore up our markets when we were in denial about what was happening and as a result our markets are going to bust some foreign countries financially and not all of them were our best allies if you know what I mean. Our foreign relations cannot take another international hit and have this banking fiasco fuel international resentment towards our already waning international popularity.

That being said, I believe we need to let the market figure out what to do with this big mega empires whether it is to chop them up and sell them off, I am not totally for sure, but we do need to figure out how to create stability in the foreign markets that bet on us and lost.

Why this should not deter you? Simple, people will still need to live, work, play, move up, downsize, transfer, retire and relocate just like they did and if you take a good long look at the numbers that are coming out of Arizona and not just the hyperbole, you will know we are riding high market-wise in many sectors.

Let that sink in and I will give you more food for thought later.

Ciao for now,

Heather Wagenhals
Designated Broker
HQ Real Estate and Investment, LLC
Buy and Sell Real Estate in a whole New way!