photo credit: jypsygen

It looks as though every fifty years or so we need to relearn the lessons that the generation right before us learned. I dont know why we cant open a history book, read what happened to a group of people who went down a particular road and decide to go down another road. Instead of learning old lessons we should be learning new lessons. I guess we need to learn our grandparents lessons for some reason.

The current issue we are facing is an old lesson, we should have learned it and moved on to the next lesson a new country needs to learn. I am, of course, talking about government control, intervention, and interference. If we really want to know what happens we have several recent lessons to refer to. The guise is to think we are smarter than the last generation and therefore we can make it work, were not, we cant, its not a system that works, and no amount of money or effort will make a bad system a good system.

The first rule in business, starve failure and feed success. Lets look at our system and decide whats working and whats not. Lets put our effort into whats working and let the other fade into the history books.

The experts are starting to agree that we are indeed in a free market economy and interfering with that system simply doesnt work. If left alone to self adjust, it self adjusts! All of this interference in the housing market has caused an imbalance of the system, and it needs to be left alone to adjust. Anthony B. Sanders, a professor of real estate finance at George Mason University states "housing needs to go back to reasonable levels. If we keep trying to stimulate the market, thats the definition of insanity."

For politicians this concept seems counterintuitive, they feel they need to be doing something or theyre not doing their jobs, and that something usually means meddling in the private sector. There is plenty for them to do beside obstruct a delicate eco system, and thats just what our economic system is, an eco system. If our policy makers and politicians have no interest in preserving our natural eco system; I guess they dont mind destroying our economic eco system either.

Read the full article from RealtorMag

Posted in Headlines, Denver Colorado Real Estate, Blogging, Real Estate Market Conditions, Real Estate Industry, Real Estate Industry Trends, Downtown Denver Lofts and Condos

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