The Liquidity Crisis: In-depth Commentary From This American Life
A good friend and past client just sent me this National Public Radio podcast that explains how the Liquidity Crisis was born. I had listened to this on the radio the other day. It gives a real ground level, human perspective of how we ended up where we are today.
You can download the pod cast for $.95 or listen to it for free online. It is 1 hour long but worth the time spent if you want to understand why the liquidity crisis occurred and who it affects. Click the link below and give it a listen.
http://www.thislife.org/Radio_Episode.aspx?episode=355
I wanted to also thank my client who sent me this pod cast link. In his e-mail he said that this pod cast helped him to have a much more in-depth understanding of the Liquidity Crisis. His contact gave me a chance to reflect in this post and also gave me some more in-depth thinking about why our clients have fared so well in this crisis. The good thing I see about the Liquidity Crisis is that it has gotten our clients to take a closer look at their finances.
For years, we have been offering our clients financial help when buying and selling property. We did this because we could see how easy it could be for a buyer or seller to betray their financial concerns in a transaction without even knowing they had. I believe this is why my clients have prospered during this crisis while I have watched other home buyers and sellers suffer. As I have long said, “Real estate agents must be competent to care for all of their clients concerns.” Thus, as stated in the previous posting called, Guidance Verses Advice: Which Is A Philosophical Standard Of Care, this is why I distinguish myself as real estate advisor not as a typical realtor. The tactic of making a real estate transaction is simple and often fairly standardized, but creating strategies that care for your client’s futures and putting them in a better situation after the transaction than before is a completely different story.
