Bernard Bernanke, You're Right, It's Time to Start Spreading the Good News (and there is some) - Norma Toering REMAX Palos Verdes

By
Real Estate Broker/Owner with Charlemagne International Properties BRE# 01147470

In case you missed 60 Minutes last night Bernard Bernanke's interview was on point--he's neither a politician nor a Wall Street suit, he grew up on Main Street in small town America.  His view is not one of doomsday (although he admitted we came close) nor is he a Pollyanna with a Marie Antoinette attitude of let them eat cake.  He is so determined to find solutions to the financial crisis we are in the midst of, he often sleeps on the sofa in his office.  He certainly inspired me to do my part to help restore confidence in the economy of the USA.  So here goes.

If you think the housing market is dead in my little corner of the world, here is a peek at my calendar for today:

Submit offer on foreclosure--I'm hoping the third attempt will be our lucky one.  The first two houses sold with multiple offers; this time the buyers offered over asking price with attractive terms and conditions.

Take photos of new listing(write ads, load on MLS and all over the Internet--and prepare for broker open house tomorrow).

Attend inspection of recent sale (and study all those disclosures etc.).

Schedule three prospective buyers to view property this week, and I'm waiting for a seller to decide whether she wants to list her home now or wait a few weeks. 

Oh yes, I'm making corned beef tacos tonight to serve at my broker open house in honor of St. Patrick's Day. 

As I move through my day I'll nudge the economy forward the only way I know how--determine the needs of my clients and deliver results.

It will be a long day in real estate today, but I will not be sleeping on the yoga mat I keep at my office.  Bernand, although I admire your dedication, I prefer the comfort of my own bed.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.


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  1. Kevin Robinson 03/16/2009 09:46 AM
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Topic:
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Location:
California Los Angeles County Palos Verdes Peninsula
Groups:
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The Ninety-ninth Percentile
Tags:
bernard bernanke
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norma toering

Comments 13 New Comment

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Rainmaker
318,661
Tony Toto
The Walking Traveler
Freelance Writer & Photographer - Travel

Hopefully he is not just saying what people want to hear but is true to light about the situation. 

March 16, 2009 09:42 AM
Rainer
88,742
Jason Sanders
TVPG Labs

Norma - You have a great upbeat and practical attitude!  As for Bernake, time will tell what is spin and what isn't.  Ultimately anything he says is just a sign on the landscape.  The landscape is there with or without the sign.  And we all have to survive no matter what the landscape is like.  I think if more of us focused on the basics of survival instead of all the signs, there would be a lot more thriving going on instead of people just barely getting by, or in some cases, not getting by.  Kudos to your attitude and effort!

March 16, 2009 09:50 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

I don't think he plays the people pleasing role....

March 16, 2009 09:51 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

Jason -- Adjustments have to be made when the landscape changes--but business is still there, you just have to work harder to find it.

March 16, 2009 09:54 AM
Rainmaker
74,913
Amanda Wilson
Real Estate Advisor
EWM International Realtors, Inc.

There is some good news--I've been reading it and seeing it!  As for Bernake--he never saw the housing slump--in 2007--he was still saying that the housing sector has nothing to do with the rest of the economy (Yes, this is what he said in 2007)--don't know how much I trust him...but I know the best is yet to come!!

March 16, 2009 09:55 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

Amanda - I think the enormity of the problem blindsided more than a few key people.  That aside, I think as real estate professionals we can play an important role in the recovery by reporting on the activity in our local markets.

March 16, 2009 10:00 AM
Rainmaker
998,010
Karen Fiddler, Broker/Realtor
Laguna Beach & Lake Arrowhead, CA (949)510-2395
HOM Sotheby's Intl Realty, 949-510-2395

I missed the show....but are you telling me someone in Washington DC is actually saying something encouraging? maybe the stock market won't drop another 5% today.

March 16, 2009 10:01 AM
Rainer
9,915
Brian Faulkner
Pine Island Realty

There is always a bright side

March 16, 2009 10:05 AM
Rainmaker
85,896
Lisa VonBargen
Estes Park Real Estate Photographer
Photography7522

You go girl...i'll be entering a new listing today, too, although not up to PV standards...it's a 100 year old cabin in Estes Park across from the Elkhorn Lodge. Fantastic views and a bit of a fixer-upper. We moved to Estes from Hermosa Beach and miss it quite a bit this time of the year when it is still winter here and gorgeous there. Jim and Willis of Ocean Realtors helped us get our start and without them, we wouldn't have had the home ownership opportunity that allowed us to be in the mountains. Have a warm sunny day for me!

March 16, 2009 10:06 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

Karen --Don't get too excited about the powers that be in Washington DC just yet, but yes, there was an edge of optimism in his words.

March 16, 2009 10:07 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

Brian - I much prefer to look at the bright side--the dark side is too gloomy for me.

March 16, 2009 10:09 AM
Ambassador
1,245,262
Norma Toering
Palos Verdes Homes in Los Angeles Area
Charlemagne International Properties

Lisa - Your new listing sounds charming to me!  Great attitude and great job of doing your part to keep the economy moving along.

March 16, 2009 10:11 AM
Rainmaker
1,120,210
Li Read
Caring expertise...knowledge for you!
Sea to Sky Premier Properties (Salt Spring)

Your proactive & positive stance can only result in success...for you and for all those you come in contact with.     Thanks for sharing.

March 16, 2009 10:58 AM
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Norma Toering

Palos Verdes Homes in Los Angeles Area
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Additional Information

I am a California real estate Broker-owner. Tune in for Best Buys in Palos Verdes; Market Updates; Buy & Sell Signals; Advice to Buyers & Sellers and other real estate related topics of interest. Updates will be posted on all four cities on the Palos Verdes Peninsula, PV School District and other happenings on The Hill.

South Bay Los Angeles cities I sell real estate in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.

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