Senator Lamar Alexander is currently involved in a congressional fight that may affect our real estate investing.
At stake is a bill which would have excluded businesses from having to be multi-lingual.
Senator Alexander believes English has been, and should be, the language of business. However, some in Congress do not share his beliefs.
John Fund, writing for the Wall Street Journal, quotes Senator Alexander,
"We have spent the last 40 years in our country celebrating diversity at the expense of unity. One way to create the unity is to value, not devalue, our common, language, English."
We agree with the Senator and the Wall Street Journal, primarily because communication is one of the golden keys for America to be able to move and function according to Bill Gates’ concept of "the speed of thought."
Here’s the point about our real estate investing and this will affect landlords the most.
As many of you already know, we rent to tenants from all over the world. Currently, we have many from China, plus a Polish family, some tenants from the Ukraine, and one young lady from Africa.
We have also had tenants from France and India.
What would happen if we had to communicate to all of them in their native languages?
There is no way we could hire translators to interpret for every call, every email, and every daily management detail.
We would not be able to take care of their needs.
What’s more, none of them have asked us to speak in their own tongues.
Then why is it that congress is arguing about English not being the standard language?
That makes no sense to us as landlords and real estate investors.