A historical (and comforting) perspective on today’s real estate market
Recently I received the monthly newsletter of a real estate agent I know in Orlando. In his introduction, Jerry Stoffer wrote:
The present real estate market is one in which both Sellers and Buyers are fearful. In fearful times, we look to sources of inspiration that may be available to us from the history of mankind. I was comforted by the Prophet Jeremiah, in the Old Testament, who prophesied accurately the loss of Jerusalem to the Babylonian King Nebuchadnezzar.
And yet, during the siege, and while in prison in Jerusalem, Jeremiah purchased land outside the walls of the city. He goes to great lengths to properly convey the title with consideration (17 shekels of silver), witnesses (required for modern-day deeds), and proper sealing of the document (equivalent to modern-day notary seal), and then stores the document in an earthen vessel (something like modern-day "recording" of the document in the public records for preservation of the document), to preserve the evidence of title until the land was recovered from the Babylonians.
This man took action on his faith that in the future land in the nation would again have value.
And it did.
