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No, I can't answer that!

By
Real Estate Broker/Owner with Miller Homes Group

Today I was invited to attend a home buying seminar for some folks in Tyler Texas. The general consensus was if the administration is putting all this money into the Banks and such, why are loans so hard to get? Why are property values still dropping in parts of the country? Followed by why didn't they take the money to the people instead of the big Banks and Automakers?

I had no answer.... NONE!

With the money the administration has put up for the Banks and Car companies a check for $7500.00 to each and every 300 million man, woman and child, in the country could be written. That's $30,000.00 for a family of four.

House payments would have been caught up, cars would sell and the economy would have been fixed over night.

SO NO, I can't answer those questions, the administration is just way to smart for me!

 

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Posted by

Terry Miller

Miller Homes Group

Tyler Apartment Locator

Comments(11)

Mark MacKenzie
Phoenix, AZ

Another good question is why is Goldman Sachs making $3 billion in one quarter when we are in the worst recession since the great depression.

I would like to hear Paulson's answer on that.

Jul 25, 2009 08:02 AM
Kate Kate
San Diego, CA

"Don't bite the hand that feeds you" is no longer fitting in 2009. Otherwise the banks would be bowing down to us because if not for American taxpayers, the banks left standing would not have the very money they are so tightly hanging onto.

Jul 25, 2009 08:08 AM
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Terry I just authored a blog post with your name in it

http://activerain.com/blogsview/1167435/-activerain-texas-heat-is-on-with-several-members-here-200k-race-

 

Have a great and successful weekend

Jul 25, 2009 09:26 AM
South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX

HI Terry, I am looking for your neighborhood posts that get 1,000 points each right now if they link in Bob Stewards post.  I have not found one yet.  You can write on monday and tuesday.  I will read them, I promise. :)

Jul 25, 2009 10:11 AM
Dan Callahan
Callahan's Home Inspections - Casper, WY

Terry I love the $7500 per person idea, but I would bet my share that only about 10% would have used the money wisely like paying down debt, saving their homes from foreclosure, etc....

Jul 25, 2009 11:29 AM
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Terry,

Your solution is to simple and one that is sure to have never been thought of because of the simplicity.

Jul 25, 2009 12:28 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Terry, I have no idea, but the more I see the more I think the people should have been given the money --- All of it! :-)

Jul 25, 2009 02:53 PM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

Yours is a simple solution, but the Government doesn't like simple solutions.  There are always too many reasons why "simple" won't work.  This is why the Government shouldn't be running our healthcare!  It will be a nightmare from which we will never wake.

Jul 26, 2009 03:11 AM
Judy Schneider
eXp Realty - Bellingham, WA

Terry,

I have no idea what could have been done! You Idea seems great! I would love to believe it were that simple!

Have a great week!

Judy

Jul 26, 2009 03:33 AM
Christina Cavins
Irongate Inc. REALTORS - Centerville, OH
www.BuySellOH.com Search Ohio Homes For Sale

I'm dreading all the new taxes we're going to be hit with due to the government handing out money.

Jul 26, 2009 05:13 PM
Jon Budish
Resident Realty - Fort Collins, CO

Terry, we all know the answer. If every family recieved the money, the economy would get back on track almost immediately. BUT! With the money spread throughout the economy, a very small amount would find it's way back to the president in his reelection campaign. How much $ do you think will be contributed to him from the auto unions, big banks, etc.? It's a big, transparent, politics beyond the usual scam.

Jul 27, 2009 03:33 AM