Oil: Our donut-eating diet

By John McGory

The world's economy continues to die a slow death.  The reason is simple.  Any good economic news is followed by a spike in oil futures which quickly dampens any enthusiasm for the good news. 

Today's example is from Europe.  European leaders agreed on a plan to use bailout funds to directly aid banks in Spain and Italy.   So boom, this leads to a surge in the euro, equities and commodities markets and a $4 a barrel increase in oil futures.



A Chicago trader, quoted by the Wall Street Journal, said "We got the good news from the EU and equities took off.  That's what's driving us higher."



How can the world economy recover if soaring oil prices continue to choke any good economic news?   It is like celebrating a pound loss in a diet by eating a box of donuts.



The U.S. economy is driven by the consumer.  Seventy percent of our economy is built on people buying stuff.   But anytime Joe Consumer gets a few extra bucks in his pocket from extra hours at work or a raise, higher oil prices snatch it away before he can spend it.



That is why I believe we cannot survive in this economic environment.  Oil's stranglehold on our economy allows us to live but not flourish.  The lack of competition allows oil companies to charge what the market will bear. 



An improvement in our standard of living will only come when other energy sources compete with big oil.   We need to encourage our elected leaders to push for faster development of renewable sources of energy. 



Write your representative a letter or call them up and ask them what they are doing to promote renewable sources of energy.   The status quo will not change unless we decide it is time to change.




Our oil-based economy is slowly killing us.  The U.S. and Ohio's economy are sure to continue to stagnate as long as we have our addiction to oil.  We either push for change or continue on our donut-eating diet.    


John McGory can be contacted at jrmcgory@gmail.com.

Ohio: A picture of renewable mediocrity

By John McGory

The U.S. Department of Energy's website ranks state's in terms of their renewable energy production.  Ohio is truly mediocre when it comes to its ranking.  We are 38th.

It is easy to see why states like Texas and Iowa are big wind power states, California a solar state and Idaho a hydro power generator.  These states have the natural resources to create power that Ohio does not.

It is sort of like rooting for Ohio professional sports teams.  We cheer mightly for our teams but know that we have a hard time running with the big dogs.

"We always do our best" is the phrase uttered by countless Ohio pro atheletes.  They tell their fans that as long as the team is giving its all, then good things will eventually happen.

When it comes to renewable energy production one wonders if Ohio is doing its best? The Ohio Legislature passed a 2008 mandate requiring Ohio to produce 12.5 percent of its power by renewable energy by 2025 and another 12.5 percent by alternative energy.  Renewables are solar, wind and hydro and alternatives include clean coal technology and reduced energy consumption.

Is that a good enough goal for Ohio?  The U.S. Department of Energy says Ohio produces 9.15 percent of its energy from renewable sources.  That means we only have to increase our renewable energy production by 3.35 percent in the next 13 years to meet our goal.  Seems like we can do a lot better.

Michigan voters will decide this November if their state shall require a 25 percent standard for renewable energy by 2025.  The big corporate types are coming out against it.  It is an election Ohioans should keep their eyes on. 

Let's not accept mediocrity when it comes to renewable energy.  Maybe we won't produce 100 percent of our state's energy needs like Idaho, but setting the bar a little higher could get us out of the rut known as 38th place.

John McGory is a partner in the original content marketing company, Webface, and a licensed Realtor.

Join the Ohio Energy Soldiers

By John McGory

Energy is the key to the future.  Developing renewable, clean sources of energy will improve our economy, our national security and the well-being of all of our family and friends.

Support for renewable energy is a non-partisan issue.  Polls show 85 percent of the people support it.  But changing from fossil-based energy to clean, renewable energy will take many years and the dedication of everyone to achieve it. 

The issue is simple.  The world won’t change unless we change it one person at a time.  This organization plans to do just that and would like you to join us.

Our goal is to gain supporters for energy independence and a “renewable security” for our state and nation.

You can join by liking us on Facebook.  Go here to do that http://www.facebook.com/pages/Ohio-Energy-Soldiers/398221510229537    

Please join us if you want to make a difference.  Post on our Facebook page how you or others are changing the world one bit at a time.  If you agree, then pass along this link and encourage your friends and family to join.

Take the Ohio Energy Soldier oath: 

“As an Ohio Energy Soldier I will strengthen our state by supporting energy independence by reducing my personal carbon footprint.  I support a non-partisan approach, research and development and the use of less Ohio water for clean energy development.  I will defend our “renewable security” and support a stronger Ohio economy through a clean energy future.”

Let us honor the thousands of soldiers who have died in wars protecting sources of oil.  Let us honor them by becoming a stronger, more secure Ohio and America by producing our own energy needs through renewable clean energy.

John McGory is a partner at Webface, an original content marketing company. 

Housing ready to bloom?

By John McGory   

Spring is in the air.  The warm weather and sunny skies improve everyone’s mood.  Spring is also the time when people consider their housing options.  The Real Estate Swami says that it may be the best time in five years to buy or sell a house.

“Housing may be ready to bloom,” says the Swami.  “The economic outlook is much improved as reflected in strong retail sales of automobiles.  New car sales are the best they’ve been in four years.”

Job creation is also on the mend.  In the first two months of 2012, the economy added approximately 500,000 new jobs.  Swami says new jobs are the seeds for a housing recovery.

“New job creation begins the domino effect in housing.  This brings new people into the housing market creating positive momentum at the rental and starter-home segments.  The housing surge then cascades through the higher-end housing market over time,” remarked the Swami.

The glut of bank-owned homes is still a drag on the housing economy but it may begin to subside.  The Swami has seen a noticeable uptick in central Ohio houses going into contract.

“In my efforts to find housing for several clients, it is clear that existing home sales are improving.  Superior products that are priced right are going into contract within days.  This is a positive sign and could bring about the first substantial appreciation in home values in six years,” predicts the Swami.

If you are considering buying or selling a home in the near future, then Swami suggests to keep an eye on local house sales.

“How close to the listing price a house sells for is a good barometer for the housing health of neighborhoods,” says the Swami.   The days of deep discounts and a housing market severely tilted in favor of buyers may be coming to an end.”  

John McGory is a licensed Realtor and partner in Webface, a content marketing company.  If the swami can help you in either buying or selling a home, then please feel free to call at 614-581-3610 or send an email to jrmcgory@gmail.com.   We will be honored to assist you.

Presidential Candidates Silent on Housing

By John McGory

The Real Estate Swami said in his last post that he would listen to the candidates regarding their positions on housing as they vie for Ohio primary voters.

Well the Swami sees he won't have to waste his time since the candidates are refusing to talk housing and real estate.

TC Brown is covering the 2012 presidential election media coverage for the Columbia Journalism Review's 2012 Election Swing State Project.  Here is what Brown writes regarding the Republican candidates' position on housing:

The Blade article, penned by Tony Cook, zeroed in not on what Romney and Santorum are talking about, but what they aren’t—the housing crisis. Cook starts by paying close attention to the candidates’ rhetoric:

Attend a speech by Mitt Romney or Rick Santorum and you’re likely to hear all kinds of claims about the economy — gas prices are too high, deficit spending is out of control, and government regulations are hindering free enterprise.

But as the two leading Republican candidates crisscross Ohio and Michigan, an odd omission has emerged in their speeches. Neither has mentioned the housing crisis.

…Mr. Santorum didn’t mention the foreclosure crisis during Ohio speeches in Columbus, Akron, and Georgetown, either.

Mr. Romney also has avoided the issue during recent appearances in Cincinnati, Cleveland, Monroe, and Shelby Township, Michigan.

That seems a noteworthy omission since Michigan, which holds its primary Tuesday, has the fifth highest foreclosure rate in the country, while Ohio ranks 12th.

The silence may result from the candidates’ taking their signals from GOP primary voters. Cook does a good job exploring the underlying reasoning, first with insight from Don Haurin, an Ohio State University economist.

In wooing their Republican base, the two front-runners are emphasizing their conservative credentials. That means an emphasis on fewer government regulations and less intervention in the free market. That message doesn’t do much to reassure those who have lost their homes or are facing foreclosure, Mr. Haurin said.

“You’re telling them there’s no help and that’s not going to win you any votes,” he said.

Cook follows that gem up with a quote from Eric Herzik, chairman of the political science department at the University of Nevada-Reno: “The easy answer to why Republican candidates don’t talk about this is they don’t have any type of solution. You can say it’s tough love, but it’s not the 30-second sound bite you want.”

The Swami thinks this avoidance of the issue is unfortunate.  Ohioans continue to hurt from the recession and not talking about the housing crisis is wrong.

"Housing and real estate are a drag on Ohio's economy.  We want answers from those wishing to lead us, not sound bites," says the Swami.

John McGory is a licensed realtor and a partner in Webface, a content marketing company.  He can be reached at jrmcgory@gmail.com.

The Ohio Primary and Real Estate

By John McGory

The traveling political circus known as the presidential primary comes to Ohio this week.  Ohio is the main target for the Republican candidates. 

The Real Estate Swami will be listening for credible ideas from the candidates on how they plan to improve Ohio’s economy.

“Ohio’s economy, led by the real estate and building industry, has suffered long enough.  People of Ohio are hurting and need help.  We need enlightened leaders who put positive results ahead of poll numbers,” says the Swami. 

Swami credits Zillow.com for putting together a chart on where the presidential candidates stand on a few basic real estate issues. 

To see where each of the candidates stand go to http://www.zillow.com/blog/2012-01-20/what-are-the-presidential-candidates-positions-on-housing-plans/

The Swami encourages Ohioans to ask questions of the candidates via social media.  You can go to the candidates’ Facebook pages to get an idea of their positions on issues and what the campaigns see as important enough to post.

Here are the links to the four main candidates:

http://www.facebook.com/#!/barackobama

http://www.facebook.com/#!/mittromney

http://www.facebook.com/#!/RickSantorum

http://www.facebook.com/#!/newtgingrich

“It is important that we take the time to ask questions of the candidates and ponder where we go from here.  Real estate is the backbone of our country.   We need to protect and encourage home ownership and the candidates need to tell us how they plan to do it.  Glib 30-second sound bites will not work,” says the Swami.

John McGory is a licensed Realtor and is a partner in Webface, a content marketing company (www.web-face-solutions.com).  You can reach him at jrmcgory@gmail.com.

Your Drop in the Bucket

By John McGory

The Real Estate Swami asks a favor of you.  Answer this simple question:  Are you environmentally friendly?  Most of you will answer yes, as did the swami.  But the swami knows he can be a better steward of the environment. 

The Swami found this list of ten tips to help him keep the environment in mind as he lives his modest life.  He would like to share it with you.

1.  Turn off lights when you are not in a room.  The mind sometimes forgets the little detail of flipping a switch.

2.  Don’t let the water run unnecessarily when brushing teeth and washing dishes.

3.  Upgrade insulation, especially in older homes.

4.  Check for air leaks around windows and doors.

5.  Buy earth friendly cleaning products including laundry detergent.

6.  Buy energy efficient light bulbs.

7.  Use cloth diapers.  A disposable diaper takes 500 years to biodegrade in a landfill.

8.  Unplug appliances when not in use.

9.  Look for Energy Star products.

10.  Recycle.

These are a few ideas that will allow us all to help the environment.   Many of you are already doing these and more.  The Swami begs a thousand pardons from you for not always doing his part for the environment.  He asks to keep the words of Mother Teresa in mind when considering if our small effort at helping the environment is worth it.

“We ourselves feel that what we are doing is just a drop in the bucket.  But the ocean would be less because of that missing drop.”

Everyone’s home is a nicer place if the environment is clean.  If you have questions regarding your home or you know someone who does, send us an email and we will help you find the answers.

John McGory is a central Ohio residential and commercial Realtor.  He is also a partner in Webface, a content marketing company (www.web-face-solutions.com) He can be reached at jrmcgory@gmail.com