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Real Estate

Cane switched for crutches?
by Contributed - Story: 65976
Oct 14, 2011 / 5:00 am

It is amazing how quickly news comes and disappears. It would appear as though the world is spinning back on its axis after the panic of the last few weeks with the Greek financing crisis... how many more countries will drift through crisis management in the next several years? Who knows?
 
Sadly that is the truth, we don't know. While we may look routinely at bail-outs of developing countries to a similar magnitude of the Greek bailout, the truth is the world decided to make this a larger problem, reacting to it in ways we have never seen before. I can't help but think however that we just handed a lame duck a pair of crutches in exchange for it's worn out walking cane. Is it a solution? No.
 
The problem is the European Union. As a free trade market, it absolutely made sense, to lump a varied selection of ethnicities, work ethics, heritage and currencies into one basket, was bound to be a problem as Margaret Thatcher, famed British Prime Minister pointed out in the 80's, refusing to let go of the Sterling currency.
 
Why do I mention this, largely because it is still affecting the domestic economy. Sometimes negatively and sometimes positively... I have several European clients who have had enough of the uncertainty of Europe and like the predictability of Canada (relatively!)
 
The world is on its axis, but there is a definite wobble to its rotation that will not cease in the next several months as more challenges are uncovered similar to Greece. 
 
In the mean time, I would love to hear your thoughts on what articles you would like to see in the coming months. Stick to the stats? Green home technologies? Real estate investing. Please feel to give me your thoughts... mark@BCResortHomes.com
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About the author...

Mark Jennings-Bates is a Realtor with Realty Executives Kelowna. His real estate career has included working for a large publicly traded resort development company, global real estate development consulting as well as developing his own projects. He has been actively involved with real estate since 1994. In 1999 he published the Canadian Rockies Resort Forecast and has assisted in the understanding and development of the fractional real estate market in Canada.

In his spare time, Mark is a philanthropic adventurer and travels around the world attempting challenging adventures to raise money for charity. You can find out more about his adventure activities at www.markjenningsbates.com


 




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