“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization.”
That auspicious statement is found in the first paragraph of the Preamble of the 2011 Code of Ethics and Standards of Practice for National Association of REALTOR® REALTORS®.
Given, that may sound like an advertisement for the National Association of Realtors® but it is not intended as such. That statement was written many years ago by men in real estate who were serious about getting our country into a good place.
Today professional men and women in real estate still hold to such values as true and right for keeping America strong and the economy sound. And, we are serious about doing all we can do to build America back to its position of economic strength and respect.
There will always be land unless, once again, all the land becomes covered with ocean. If that happens then realtors will sell that as well because that’s what we do…sell land, what is attached to the land, on the land, and the air above it.
It goes on to say,
“REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.”
The statement supports a basic democratic expression of the constitutional republic enjoyed by all Americans. The American civilization is solidly backed by and supported through an economy affording home ownership to as many of its’ citizens as it can provide at any given time.
Under the old feudal system of European nations, land was owned by the King and passed on to privileged royals. The right to own property and vote was provided in the United States Constitution for all citizens of the country.
In their recent online article by “Where the Jobs Are: The Right Spots in Recovery,” Time.com has just published a summary of recent business advances and the reasons why. Technology is changing the face of the globe and America is leading the change still! Across our country people are beginning to stand up for what is right and good regardless of cultural differences. The good to appear out of the economic crash of 2008 is people are waking up to the importance of such rights and privileges then taking care to show appreciation through their actions.
Non-profits, have joined real estate and business professionals by initiating their own approach in changing the foreclosure direction through trying to convince big banks and mortgage holders there is a better way. Non-Profit Article
The Current foreclosure picture portrayed by realtors, news reports, and government statistics require getting SOME KIND of a perspective on the foreclosure issue for there are tons of information to sort through. For example, and this is all just blarney for statisticians, check out wiki answers from US Statistical Abstract, table 961…
There are 74,931,000 housing units in the US in 2005
Of those, 48,394,000 had a mortgage
“The report,” (from the United States Office of the Comptroller of the Currency and the Office of Thrift Supervision), “which covers 33 million loans serviced by national banks and federally regulated thrifts, also shows a sharp drop in the amount of loan modifications processed through the Home Affordable Modification Program (HAMP), the Obama administration’s leading foreclosure prevention effort. HAMP loan modifications fell by almost 46 percent in the third quarter, according to the report.”
All that being said, I totally believe the one lesson I learned in college economics and statistics. People can take statistics and make them prove anything they want them to prove.
Finally, Shawn Tully makes a little sense in his article on the economy. He rightly states real estate and home ownership is the one good bargain at the present time because it is not overvalued. In fact, it proves the statement at the top of this article.
The land is under all and anchors the economy to the U.S. economic dock just as it always has.