Take The Pledge & Save American Jobs!

How strongly do you feel about saving American Jobs?

The Mortgage Bankers Association chief economist, Jay Brinkmann said in a news briefing, “It takes a paycheck to make a mortgage payment.”

(Read about it here: http://dealbook.blogs.nytimes.com/2010/08/27/foreclosures-fall-but-early-delinquencies-rise/?scp=3&sq=david%20streitfeld&st=cse)

Or as we like to say, People Without Jobs Don’t Buy Homes in California!

Anyone in our business can make a difference—so here’s my idea, and if you like it, please help me spread the word.

“I pledge to spend one week buying only American-made products and services!”

When we buy goods and services made here, jobs stay here. And as we in the real estate industry know, if you don’t have a job, you can’t buy a home.

There are many real estate companies, service providers and resources in California and our patronage can help them save and create jobs. People with jobs in California buy homes in California.

Get this started today and tell your friends and associates, “I took the pledge!”

Take the pledge, and take our button to your own site or blog.  Spread the word.

For Labor Day, Take The Pledge & Save American Jobs!

It’s obvious isn’t it? People Without Jobs Don’t Buy Homes in California!

So here’s an idea, and if you like it, please help me spread the word. Forward this email to 10 friends and business associates. Ask them to do the same.

“In honor of Labor Day, I pledge to spend one week buying only American-made products and services!”

That’s it!  Because when we buy goods and services made here, jobs stay here. And everyone in the real estate industry knows, if you don’t have a job, you can’t buy a home.

You have a right to know where every product or service comes from. There’s a small stamp on everything you buy that says where that item was made, such as “Made in the USA” or “Hecho en Mexico.” Since there is no stamp on services like title, home warranties or NHD, just ask them; you have the right to know. Are you referring or supporting companies that create jobs in India, Philippines or other countries?

So let’s all take the pledge, and as an industry work together to restore the California Real Estate Market by buying American-made products and services.

There are many real estate companies, service providers and resources right here in California, and our patronage can help them save and create jobs – People with jobs in California buy homes in California. Let’s get this started today and tell our friends and associates, “I took the pledge!”

Watch this video and see how folks at First American’s owned First Indian Corporation celebrate!  http://www.youtube.com/watch?v=ySeDDo8KLl4

PEOPLE WITHOUT JOBS DON’T BUY HOMES IN CALIFORNIA

No doubt you saw the news from the Fed Chief, Ben Bernanke who just told Congress that the Fed feels the economic outlook is uncertain, and he has no clear plans to do anything about it.  Whoa!!

Hey Mr. Federal Reserve Chairman, it seems fairly obvious to me there is something that we as real estate professionals can do that WILL make a difference – buy American made products and keep jobs in this country! That’s because people without jobs don’t buy homes!

It’s not that hard to buy American, but it does take effort. And your clients and prospects will respect you more for doing this and give you their listings.

It’s not terrifically tough.  The next time you buy a real estate industry product, or service like escrow, title insurance; home warranty or a natural hazards disclosure report – read the label. I bet you can find a USA-researched and produced RE product or service made right here in the states – even in California!

And that my friends, is how we can do something that the Fed can’t – make it our policy to shop and buy American!

WHO IS CUTTING A FAT HOG?

Forbes Magazine reported back in a November 2006 cover story that First American Title was selling more than $5.8 billion dollars a year for title insurance in a story called, “America’s Richest Insurance Racket”  Read the full story here: http://www.forbes.com/forbes/2006/1113/148.html

Reporter Scott Woolley extensively interviewed Parker Kennedy, head of First American.  Forbes noted that thanks to computerized record-keeping, the cost of searching for a home’s ownership records online has fallen to as low as $25. The average cost for claims on title insurance policies was running approximately $74 per policy. Although Forbes concluded that everyone should agree that this is a pretty lucrative business, and title companies are fat and thriving, First American’s Parker Kennedy claimed that “Nobody is cutting a fat hog,” whatever that means.

So why is this relevant to the off shoring of jobs?  According to Forbes, Kennedy attributes his profit margins to several things including the efforts his company has made to deploy technology and move jobs offshore.  Forbes noted that in 5 years, First American closed 48 out of 50 offices in California replacing people and paper with databases and offshore data entry clerks.

Kennedy says, “In the old days, if you wanted to double your business you had to double your people. Now you can double your business and increase your staff maybe 10%.”

The Forbes article suggests that off shoring of jobs has been part of First American’s long term business strategy aimed at adding to the huge profit margins they enjoy.

Given these kinds of profits, do you think it is really necessary for them to continue their policy of sending jobs offshore?

We’d love to hear your thoughts.