354 - The New Economy and Our Homes

As we continue to explore our interim normal from COVID-19, I want to share some insights on the economy and how we are changing the way we use our homes. I am not an economist or a real estate expert, but I am a questioner and I want to share my own personal thoughts about how we continue to adapt to these extraordinary (unprecedented) times we are in. We are in the middle of a transition in technology, working from home, social media, and how we are living in our current reality. As I have shared before, my study of different generations has shown that history is cyclical and we move from one end of a particular pendulum to the other, and then we come back again.  The Stuff We Keep In the 1980’s we were at the height of consumerism and stuff. Near 2020, many people were very minimalist. In the next few years, I expect that people are not going to declutter as much. We have now faced supply chain issues, shortages, and have learned we cannot always go shopping for (or even order delivery) of the things we want right now.  Our families are also changing. More people are living at home, indefinitely. While young adults used to go out and begin living independently, the health and economic issues are meaning more are living at home for longer periods. This also changes the amount and type of stuff we are keeping in our homes.  Economic Changes Retail stores are going bankrupt. The economy was shifting prior to the pandemic, but COVID creased a condensed timeline. While businesses usually change at a much slower pace than individuals or families, they are now being forced to adapt more quickly, and not all will be successful.  Supply chain issues are also a real thing, and will likely continue for a while. For people who traditionally stockpiled things, you may not have access to the same quantity as before. You may not have space to store extras while you are also housing additional people in your home. Your ability to afford to shop and plan ahead may also be altered.  Living at Home If you decluttered something and are regretting letting it go, because your “just in case” actually came true, give yourself grace. There is no benefit to blame or anger at this unpredictable global health crisis. If you have not used something in the last 6 months, I want you to really consider letting it go and allowing it to bless someone else. As we head into our first Fall and Winter seasons in this pandemic, I want you to think about what you will need to get through this season. What items do you want to be sure you have for this season? What do you need to change or adapt in how your physical home is functioning? What do you want to have at home? What can you afford? What do you have space to store? How will you adapt your holiday plans for social distancing and public health? How will you make your home feel like home for all who are living there? IDS At Organize 365, we use the Traction model for our business operating system. One component is that we IDS problems and issues. We identify, discuss, and solve challenges as a team. I share some fun examples in the podcast - so be sure to listen in for an insider peek at some recent decisions we made.