Life...Fun and Kentucky Real Estate

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Now Vs. The Great Depression: No Comparison! Count Your Blessings.

In Kentucky, we aren't affected by everything going on across the country. Some in the media are saying we are in a depression.

Since I didn't live in the depression I can't imagine how that could be.

Most of us are accustomed to spending and doing all the things we want to dSave Your $$$o.

I was reading tonight in Activerain and came across this chart in a post by Mike in Tucson, AZ that compares the Great Depression to what we are going through now and there is no comparison.

This should cheer up my readers a bit!

Comparison of the present downturn with the Great Depression of 1929Paula Swayne (AR) in Sacramento wrote a post based on a Charles Schwab Co. analysis of today's economy, and she put a link to the Schwab article in her post. 

(Thanks, Active Rain, for making it so easy to communicate!)

I followed the link, and found this chart.  We ought to have stuff like this on billboards in every city in the nation!

Count your blessings!

I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
Think of me as your Tucson expert.

14 commentsLizette Fitzpatrick • October 16 2008 07:39PM

Comments

Lizette, well we got the Great Depression beat with the percent on the federal deficit. Other than that, there's still no comparison you are right.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) about 6 years ago

Great blog Liz!!!  Let's put the nay-sayers in their place!!!

Posted by Lewis Beynon, Clifton Park NY Real Estate (Prime Property Solutions, LLC) about 6 years ago

Liz... Love the new pic, thanks for the reality check - the mainstream media wants us to be depressed.

Posted by Debbie Summers, MoveToLakeMary.com or 407-758-1020 (Charles Rutenberg Realty - Orlando, Florida) about 6 years ago

Gary - It made me feel better after I saw it in a chart like this.

Lewis - I agree!

Debbie - Thanks! I'm tired of being depressed.

Posted by Lizette Fitzpatrick, Lizette Realty,Lexington KY MLS - Kentucky Homes - (Lizette Realty - Lexington KY - Richmond KY) about 6 years ago

Lizette,

I was not there either but I had close relatives who were. Far as I can tell there is zero, as in no, similarity at all.

Posted by Steven L. Smith, Bellingham WA Home Inspector (King of the House Home Inspection, Inc) about 6 years ago

Love it - I am so sick of hearing how bad things are - this shows that although it may be bad it has been worse.

Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Alpine Real Estate) about 6 years ago

Love the new photo - you are a rock star

Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Alpine Real Estate) about 6 years ago

Lizette, that is very cool. Thanks for sharing this re-blog.  I gaven't seen this comparison until now. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 6 years ago

Hi Lizette-

Thank you for focusing on the positive and this is a terrific post. It reminds me of one of my favorite new phrases:

Don't wait for the storm to end, learn how to dance in the rain!

Thanks for sharing & greetings from Paradise.

Realtor Greg Gorman & Team Paradise Logo

Posted by Greg Gorman, Naples Florida Real Estate (John R Wood Properties) about 6 years ago

This is so cool!  So I guess the plans to take a vacation are still on.

Posted by Melody Botting (Melody Botting Real Estate Network) about 6 years ago

Steven - Thanks for stopping by to comment.

Thesa - Im tired of it too. I'm still on my news fast.

Carolyn - What? Something new for you! LOL

Greg - You do live in a paradise! Love Naples.

Melody - You have my blessing to go on vacation. GO! 

 

Posted by Lizette Fitzpatrick, Lizette Realty,Lexington KY MLS - Kentucky Homes - (Lizette Realty - Lexington KY - Richmond KY) about 6 years ago

Hello Lizette: That chart is great, things could definitely be much worse!

BTW, thanks for commenting on my blog post.  See you in the RAIN.

Posted by Cheryl Powell, The Powell Team- Helping YOU make the right move! (RE/MAX Executive Realty - The Powell Team) about 6 years ago

Lizette, I agree that it  seems we are no where near as bad as it was during the Depression - at least based upon what I read....However, the distinction that I feel is missing in the media is how LITTLE deterioration was necessary to cause all this headache.  Home loans typically have a default rate of less than 1% and the current rate is up to about 6%.  How is it that the financial world could be on the brink of collapse when ONLY 6% of all home loans are in default???

The answer is in the fact that during the Depression large corporations could only invest in other ventures or lend money to other entities with funds they actually possessed.  Today large corporations are borrowing money to lend or invest.  That's why such a small swing in financial fortune is driving companies out of business - they have no REAL money!!

Posted by Michael Mullin, NMLS 11911 - Banker/Broker, FHA, VA, USDA, Conv (First Priority Financial, Inc. NMLS 3257 , Originating loans in WA, OR and CA. ) about 6 years ago

Kudos to you for such a great post!  My favorite saying this year has been this:  "Every day ABOVE ground is a GOOD DAY!" 

Posted by Celina Gleason (AgentOwned Realty) about 6 years ago

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