It may only be an analogy, but look at it this way; the global financial blackboard has been erased. It was erased in 1929 when the stock market crashed and plunged global marketplaces into a worldwide depression. The Great Depression was long and deep and the legacy of Herbert Hoover’s presidency became one of “too little, too late.”

Then came 1932 with FDR, the New Deal, and the financial blackboard began to chalk up again with a plan for recovery that grew in complexity and power for decades… until now. Beginning in 2005 when the Real Estate bubble began to leak before it burst, the financial landscape began its slow, ugly metamorphosis into an unmanageable beast. As 2008 draws to its conclusion, to our dismay we find ourselves staring at a financial blackboard that has once again been erased. I for one am glad since circumstances are forcing change on us that most didn’t even know we needed. Now we see the task at hand means the creation of a new financial system for the way things operate at the global level, for the way money is exchanged and regulated, for the way we barter amongst ourselves and with our global partners, for the way banks lend money and to whom, and for the way builders build.

This is already happening in the southern Oregon real estate market as socially conscious realtors, builders, banks and Government try to sort out what this new market may look like. We see a concerted effort beginning to rewrite the equation for what type of homes in Grants Pass and our region will be built to cater to this next generation of home owners. It seems the free enterprise system may be put temporarily on hold while a new dynamic of cooperative enterprise takes shape. Government, builders, developers and environmental concerns, all with a view of how to sell and serve the public at large, are being mandated to work as a team in order to move our local economy through this crisis. This new collaborative reality may be a better vision for how things get done both locally and globally than how we have ever operated in the past.

The coming years will be marked by intense economic reform as a new paradigm of change evolves. How we adapt to these changes will benchmark our success. So prepare yourself because change is coming… and the one thing we know for sure, this time the blackboard will be Green.

     

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This entry was posted on Tuesday, January 20th, 2009 at 9:00 am and is filed under the category Grants Pass Real Estate, Green Real Estate, Michael Masters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.