Charlie Ragonesi Big Canoe Realestate's Blog

The Populist Movement and the Health Care debate a Lesson

At the turn of the 20th  and near the end of 19th Century  there was a big , what we would call today, grass roots movement in the South. It was called the Populist movement. It featured such colorful characters as Sock-less Jerry Simpson, and famous figures like William Jennings Bryan.

There were a lot of poor folk in the South and this movement was aimed at changing and empowering these folk. Now the party that controlled the South was the Democratic party. So this movement really challenged the fat cats in the Democratic party and was a threat to them. What happened?

The Democratic party leaders split the movement by raising the issue of race. The party before this had black and white members. But by raising the issue of race the fat cats split the movement. In the end they were able to kill it. Divided the movement was too weak to survive. So something that was good and would have made positive changes for folks was derailed .

Today we have debate about heath care. WE NEED SOME TYPE OF REFORM. This post is not about what type but it is about the debate. The shouting and the rumor mongering going on today instead of debate is the new way of derailing the process. If we allow the process to get derailed by hate and fear mongers, then like the folks who allowed it to happen to them during the populist movement we will all be losers.  

7 commentsCharlie Ragonesi 706- 579-1098 • August 12 2009 08:27AM

An Interesting Dilemma

Last week the Federal cash for clunkers program ran into trouble. The trouble was success. This program makes so much sense it is hard to believe it comes out of Washington. After all if we get better gas mileage we reduce our dependence on foreign oil as well as help the environment. We also create scrap we can sell to reduce  the balance of payments. We help car dealers and the folks they employ. We buyers get a rebate!. This is so cool.

What this program and the tax credit for home buyers really illustrate is given the resources Americans will fix the problems we have in the economy. This lead me to thinking, OK the current administration did not create TARP. But they could use the rest of the TARP money to give it to us and let us spend our way out of this recession. Many have blogged about this and I think the Cash for clunkers program and the home buyers credit program have shown where we get the real bang for the buck !!!

8 commentsCharlie Ragonesi 706- 579-1098 • August 03 2009 09:13AM

A contribution for independence not always known

On Independence day we celebrate our freedom and do remember those who make it possible. Some of those folks are you and me who must be vigilant. But does this have anything to do with Real Estate ? The answer is a surprising YES!

Prior to world War 2 The real estate market in this country was very different. Most people where renters. If you owned your own home chances are you were a farmer. If you wanted a mortgage you went to your local bank. The usual down payment was , are you ready, 50, not a type O, 50 percent!!!  The usual mortgage was for 10 -15 years. So what happened ?

The G.I. bill happened. Returning soldiers wanted homes. They lived in barracks and really communal living. They did not want to rent. They fought for freedom and wanted freedom in their living quarters. The G.I. bill set up the V.A. loan program. This program was novel in that it extended mortgages to a then unheard of 30 years. Also the massive down payment was waived. Lenders dealing with this program came up with the 80/20 we have today and the 30 year fixed.

From this change suburbia was created and the landscape that we have today was in large part influenced by the Bill.

So in our market we have a debt that we owe GI's on this Independence day. Have great fourth !!!

3 commentsCharlie Ragonesi 706- 579-1098 • July 03 2009 09:51AM

Never listen to the news before coffee

Wow did I make a mistake this morning. I listened to the news before a cup of coffee. So what I heard was Social Security going broke, Medicare going broke, Foreclosures spiking to a new high and Bankruptcies escalating. All without a warm nice cup of coffee.

It seems to me we have been blaming the wrong folks for our problems. The democrats and republicans have done a great job of getting us to not like the other guy. They have done a great job of dividing us while THEY BOTH plundered. It seems to me it really is time to throw both sets of politicians out and find another group .

These guys have really made a BIG mess of things. It is time for a new way. I will be looking actively for a viable third party to replace these folks. I want to enjoy the news not be terrified by it!

13 commentsCharlie Ragonesi 706- 579-1098 • May 13 2009 07:05AM

The Canary in the Coal Mine

In 1995 Barings Bank Collapsed. It was the Oldest Merchant Bank in England founded in 1762. It was nick named the Queens bank. The collapse was caused by one man trading electronically.

This collapse was the Canary in the coal mine. It highlighted a component of the age we live in. 1's and 0's travel really quickly around the electronic world. In a matter of minutes billions of dollars can be traded. But we did not learn from this collapse. Instead in 2000 we passed the commodities act that re-legalized practices that were made illegal in the early 20Th century because they caused the stock market to crash. So what have we learned?

We have learned that we have created a wonderful information super highway that moves faster than we can sometimes keep up with. I called a prospect back 5 minutes after getting a call and they had already moved on to another agent! We have learned the hard way that regulation, both on a corporate level coupled with government oversight is not something that would be nice. It is something that is necessary. The unit that crashed AIG had only 350 people working in it. This is out of thousands of employees world wide.

We live in a great age we are tuned in now more than ever. But with instant gratification comes the potential for instant failure.

Trading CDO's and CDS's has triggered a world wide crisis. The crisis has spilled into our life's as it's reach extends past Wall Street. It is a Brave New World we live in . We must be more vigilant when the next Canary sickens in the coal mine. We no longer have the luxury of time. This is the sad trade off for modern instant gratification.

So the answer is STOP and think before you do. One of my favorite commercials says it best. You have a 12 percent chance of hitting reply all on your email in error. If you ever did how many emails got out before your stopped the process. We must now more than ever stay engaged.

1 commentCharlie Ragonesi 706- 579-1098 • March 06 2009 01:38PM

Election day the Post Mortem

When I worked on Wall Street in Banking ( Yes I confess to sins in my middle youth) which was right after my earlier Woodstock youth, when ever we put in a system for the bank we would have a post mortem. If the implementation went well there would be 4 or 5 of us at the event. If it went poorly and depending on the impact the numbers grew. So tons of folks are talking about the election so I thought why not do the post Mortem.

52 percent of voters voted for and elected Barrack Obama. It was a historic event in the sense that we as Americans transcended race, and in a post 911 America an Arabic name. Now 52 % percent could be wrong and if we are we unelect him in 4 years. But for now we elected him. So for the most part we voted for the man and his platform. Race and his name was not an issue.

Today all over the networks we are hearing  a ton about race and the event. Why , Because we all are now looking back and seeing what we did, and how important it was. It was important because a man is entering a White House that was in part built by slaves.

This guy may be the worst President ever, or the best, or some where in between. But no matter what," we the people" showed CONVINCINGLY that the American dream is a beautiful thing that is obtainable by any American with the right stuff. I am happy and proud not because I think Obama will be this great president. I don't know what kind of president he will be. But because we decided a race on what we thought were the merits of the man.

What this means for us in Real estate and the politics involved is not really what I am blogging about.. This blog is an observation about our great country and why it is so great.

6 commentsCharlie Ragonesi 706- 579-1098 • November 06 2008 04:06PM