The financial crash and following recession has brought our nation to it's present state and everyone is holding their cards in wait for the nest shoe to fall...or not. Who knows what will happen? My family has our house on the market and interest has proven scant. I hear conflicting opinions as to what the near future holds, but, based on the continued glut of inventory locally, I'd better be prepared to hunker down.
I've heard most people say that the real estate market will return, and that would please me, but, even though my personal preference would be to find them correct, I still have my doubts. "All things are cyclical.", I hear, but something tells me that's a hopeful statement, too.
The one thing I keep trying to remember is that this freefall didn't really begin with the financial crash. Our nation has been rupturing jobs for decades to foreign countries that are willing to do the work much cheaper. And with the advent of the internet and communications in general, accessing that labor has become 'de riguer' for companies with their eye solely on the bottom line. And who can blame them? I can. And we should.
To think that business entities are going to voluntarily grow a conscience is absurd. The belief that some new paradigm is in effect goes against all that is our present view of business as a whole. Think back to Dick Cheney's statement that energy efficiency in business is an admirable virtue, but that he was totally against legislation to that effect. I don't see us embracing any 'new paradigm' in business until we employ the 'carrot and stick' to our own masters of industry. Now that would be 'new'.
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