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Obama pushing new housing aid.

By
Real Estate Agent with Country Club Lifestyle Realty

http://cclifestylerealty.blogspot.com/2011/10/obama-to-promote-new-housing-aid.html

By allowing individuals that are underwater on their mortgages the ability to refinance Obama hopes to accomplish three things.  First, the always loving vote come November.  Second, freeing up cash that will hopefully be spent come Christmas time on gifts thereby giving the economy a small boost. Third, reduce the number of ROE's coming on the market. However, the real question is will this yield any noticeable improvement?  Will there be enough home owners take advantage that the housing market and the economy receive a small kick?  Personally I think it can't hurt, but when reveiwing the programs Obama and the administration has created thus far they never met their stated goals. 

Only time will tell but hopefully here in Houston, Texas we see some improvement.

Comments (2)

Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Kevin,

Or, like all the other programs -

HUGE waste of time and money

Billions printed up (which we do not have) to throw away with no result

Deeper in debt

More beaucracy

And (like he is getting right now) - wonderful sound bites from the adoring media, following him everywhere, giving him air time to tell us all how wonderful this (useless) program is...

PHil

Oct 25, 2011 03:58 AM