It’s a far cry from rolling out the red carpet, but at least they’re not booing and hissing. In coverage on Tuesday, October 7, 2009, the Miami Herald (sort of) welcomed the “scourges who unnaturally jacked up prices, spawned reality TV shows and led to the economic crumble” back into the area to “do the jobs that banks aren’t.”
Who are they talking about? You, my fellow real estate investors, of course! According to the Miami Herald (and other equally clueless members of the media and politicians), real estate investors are both the reason for the fall of the market and the reason it will rebound.
Huh?
The article went on to say that the real estate investors that are now working in Southern Florida are probably going to be a large factor in the economic recovery. In fact, they’re buying properties no one else will touch, fixing them up and flipping them for profits, which is bringing buyers back into the area and saving not only sellers, but also a number of lending institutions.
But here’s the thing (says the Herald). These flippers are different. They’re not “cocktail sippers who were bragging…about buying and flipping. These are real investors.”
Ah yes… the clueless media… Just like our Redistributor-In-Chief who feels qualified to determine how much profit is “too much” for a person or business to make, these idiots in the media just don’t get it. (No surprise – just like our President, most of these folks in the media have never worked a private sector job and certainly have no idea what it means to be responsible for making payroll, creating jobs or taking risks.)
Now, I’m as glad as anyone to finally hear someone say something “good” about real estate investors who are successfully using real estate and their own educations to make some serious money. But come on… “Scourges who ruined the market?” Really? While I’m certainly not sipping a cocktail right now (Scotch is my poison of choice – Johnny Walker Blue, no less), that certainly doesn’t mean I didn’t bust my you-know-what to make the money to buy it.
The media and (mostly liberal) politicians constantly do everything they can to bring real estate investors and other entrepreneurs down – even when they’re allegedly celebrating our return. And while not everything that went on during the real estate boom was 100 percent above board (read loan sharking, for example), that does not mean that everyone who made a dime during that time didn’t deserve it, didn’t work for it or somehow contributed to the alleged economic shambles that the media and some politicians have been so happy to cover in painful, excruciating and discouraging detail.
Honestly, I find it pretty frustrating that no one did roll out the red carpet for you guys down south, and you’re definitely earning every penny you are putting in your pocket these days. I’m just glad that in the end all of you scourges made it back into the game just in time to turn a profit in southern Florida. So if you’re down there replacing drywall, installing plumbing, bidding on houses no one in their right mind would even consider buying, let alone trying to make liveable, then here’s to you… and long live capitalism and free enterprise!
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