economy: The NAR President is Starry-Eyed - 02/21/09 02:23 PM
It's astounding..the president of the National Association of Realtors, Charles McMillan, apparently never attended a Basic economics class. McMillan's assertion that the riidculously wasteful and Pork-focused American Recovery and Reinvestment Act will have ANY meaningful effect on jobs creation is not only laughable, it actually borders on idiocy. Has Mr McMillan even READ the bill? If he had...he'd see that the bulk of the money (OUR money) is aimed at Democrat (as well as Republican) pet projects and political paybacks to Obama's voter base. The "tax cuts' in the bill are mostly tax credits to people who don't even pay taxes. … (0 comments)

economy: I am The Real Estate Market - 02/01/09 12:36 AM
In 1998, when I turned my back on the certainty and comfort of a steady paycheck to become a "Full Time Realtor", the Central Jersey real estate market was just starting to heat up.It was helped, in part by the now famous (infamous) Community Reinvestment Act (CRA) of 1997, which, as mandated by President Clinton and the Congress, essentially penailzed banks if they denied loans to borrowers who probably couldn't pay them back..BUT..that's another Blog subject (stay tuned).
Anyway..as mortgage money became ever-more available, it seemed that ever-more buyers were jumping into the market. Naturally, the law of supply and demand dictated a favorable … (2 comments)

 

Frank Nicolato

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