Housing Market “Recovery” is Aiming for the Wrong Thing

Stability. That’s what we should be targeting.

sta·bil·i·ty/stəˈbilitē/

Noun:
The state of being stable.

Synonyms:
constancy – steadiness – firmness – fixity – permanence

“Recovery” is the wrong term for what the housing market/economy needs. What the housing market was is likely to never exist or happen again.

re·cov·er·y/riˈkəvərē/

Noun:
1. A return to a normal state of health, mind, or strength: “signs of recovery in the housing market”.
2. The action or process of regaining possession or control of something stolen or lost: “the recovery of his sight”.

Synonyms:
recuperation – convalescence

This is more than semantics. We need to define what is needed because “recovery” isn’t going to happen.

Everything has changed.

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About Jim Duncan

Father, husband, Charlottesville real estate agent, bicycle rider & soccer coach. And more. Lots more.
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  • C’ville Bubble Blog

    The companion post: http://tinyurl.com/7jt97g9