The Real Estate Deal
Editor Cindy Zetts dishes on real-estate and development around Puget Sound: She lived in apartments, townhomes and houses -- a dozen of them in four states -- before settling in the Seattle area in 1997. After taking a bath on the sale of her first home, in South Florida, she vowed to wise up about real estate. She bought a house in Covington 10 years ago because, well, she could afford one there.
November 17, 2008 11:26 AM
Movie choice highlights real-estate, economic worries
Posted by Cindy Zetts
"Kung Fu Panda" was not available at my local video store, and I couldn't watch "Stick It" or "Over the Hedge" again, so I had to rent something else for a Saturday move night. The famiy-oriented choices were slim, and I settled for the only one I could find: "Kit Kittredge: An American Girl."
Sweet movie, really, but it scared the crap out of me. About a girl's life during The Great Depression, the movie is kid-friendly, based on the American Girl line of dolls and books -- and deals with topics that are very much adult-oriented: job loss, foreclosure, soup kitchens, homeless camps, "hobos" and the prejudice they faced.
Honestly, though, with the fear and loathing in the stock market, the housing market and the economy in general, I should've reconsidered. When Kit's friends' house was foreclosed on, I flinched. The family's possessions were carried out to the sidewalk and the foreclosure sign was pounded into the ground. I bit my lip watching it. I will be unemployed as of mid-December (I'm leaving voluntarily as part of a companywide staff reduction), and this innocent movie brought all my fears about unemployment, especially in a recession, and foreclosure to the forefront of mind.
Something else struck me about the movie, too: It's a great way to start the conversation with kids about what's going on in the economy. I don't believe we'll see anything like the Great Depression again, but times are tough, and kids should understand that.
We started that conversation at our house, but it's not nearly finished. We've talked with our daughter about what it will mean financially to live on one income. That hit home pretty fast, especially when we talked about what it would mean for Christmas this year.
We continue to talk about the affect this economy has had on people who should have been able to pay their bills but can't because they lost their jobs. Our daughter knows what foreclosure is, how embarrassing it is for people, and why it happens.
Most of all, she knows not to judge people on the basis of how much money they have or don't have. She knows that people's financial situations can change on a dime (no pun intended) and is learning that sometimes they can't fix them as quickly as they'd like to.
All of this brings me to a question: Have you spoken with your children about the economy? What did that conversation look like? How would you discuss having to sell your house and move somewhere new and strange?
Do share -- we can all learn something.
Dec 1, 08 - 02:41 PM
Real-estate outlook: Is the glass half-full, half-empty or broken?
Dec 1, 08 - 01:39 PM
Lower mortgage rates means "it's a great time to buy," loan officer says
Nov 26, 08 - 07:00 PM
Real-estate facts and figures: What a week
Nov 20, 08 - 02:18 PM
Happy holidays: Fannie, Freddie postpone foreclosures until next year
Nov 20, 08 - 02:00 PM
Comptroller: Community Reinvestment Act didn't cause credit crunch

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