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| Our Most Recent Issue of our Real Estate Newspaper
January, 2009 on paper to see the entire issue.
Analysis of the Current Real Estate Marketplace
January, 2009
 By Rocky Reynebeau
Is it just me or are you also tired of hearing all this negative stuff on the news everyday. Don’t these people ever have the good sense to report something positive. Gas going up gets the lead story - when it comes down it is backpage news. Heck, there are always bad things somewhere in the world - but there are also good things.
Some Perspective
This past week I had the occasion to begin working with a number of new clients who are beginning the process of either buying or selling real estate. In all of those conversations the “economy” was discussed because it plays into the decision-making process. When I asked them if their daily lives have been effected - each responded “no”. All of us had taken financial hits, and while that hurts, it does not affect the fundamental quality of our daily lives.
The 24/7 news cycle needs drama to keep us watching - but is the drama real or hype. I am reminded of a famous weather lady here in Denver about 20 years ago. She was famous for being the first female airborne weather reporter - she later died in a helicopter accident covering a story in Douglas county. Anyway, this charismatic person spoke at our Kiwanis Club a few months earlier. And, just a couple of days earlier some kids set off some “cherry bombs” in a dumpster at Aurora High School. There were three helicopters flying over the school to cover this “breaking news” story. Here is the point of this diversion. She told us that her “job” was to make each story the most dramatic story possible. So the word “cherry” was dropped and only “bomb” was mentioned. Think about that - a cherry bomb prank in a dumpster making the headlines on three TV stations. Oh, the drama of it all. Recent Articles - Analysis - January 2009.. .
How Did We Get Here
©Copyrighted by Rocky Reynebeau - 2008
 By Rocky Reynebeau
Well, well, I think I can now say that I have seen just about everything - twice. We have been here before in the 80’s and we survived it and we will survive this one also - but not without pain.
The first time it happened during my career was in the mid 80’s that resulted in the collapse of much of the Saving and Loan infrastructure. Remember those days - we actually had inserts in the Rocky Mountain News and The Denver Post with all the homes owned by HUD. And, how could we ever forget “Resolution Trust” that sold off S&L foreclosed properties. While that melt-down was promulgated by different issues the results were essentially the same.History of the 80’s Melt-down
A little background - in the 70’s and the very early 80’s Denver’s housing market was flying high because of the huge growth in the oil and mineral industries: the effect of John Denver’s “Rocky Mountain High” (everyone wanted to move to Colorado) and the lasting effects of the inflationary pressures of the Great Society and the Vietnam War. Then came the mid-80’s melt-down that was triggered by three principle issues... Continued - Recent Articles - How Did We Get Here .. .
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