The Bulk Sale Real Estate Industry

Dan - I truly had to grit my teeth and try keeping a level equalibrium while writing this blog.  Your outrage is on a par with my own!  

Edward - What was just a whisper is now coming out more and more in the press, with substantiated facts.

Alexandra - In my humble opinion, the incestuous nature of Wall Street, The Treasury Department, and even Academia has been devastating to this country.  The same people shuffle from one insitution to another.  An example: Henry Paulson, who went from Chairman and CEO of Goldman Sachs to become Secretary of the Treasury.  Others have moved between the Treasury, Wall Street, and then on to teach at prestigious business schools on college campuses, where they have corrupted the science of economics.  There is an interesting article published by Bloomberg, which can be accessed as follows: "How Henry Paulson Gave Hedge Funds Advance Word of the 2008 Fannie Mae Rescue."  We must remember, it was Paulson and Bernanke, during final months of President Bush's administration, who sounded the alarm about the meltdown and the need for the bailouts.   I have thought it interesting that Paulson, who was an adament believer in an unregulated Wall Street and banking industry, was able to be in the position he was, when the house of cards collapsed.

Suzanne - I often think Congress is so into the business of partisan politics that the ideas they come up with are useless for mainstream America.  The powerful and lunatic fringes are commanding all the attention.  Logic and reason are never addressed!  I was not against the $8000 tax credit that was provided in attempt to stimulate the housing industry.  I think it did help to some degree.  I know individuals, who bought homes, they may not have purchased otherwise.  I know agents, title people, lenders, and termite companies, who benefited from those sales in the process. And, thos folks all paid taxes on income made from those sales!

Roy - I do too!  I keep wondering how our country, especially the control of our valuable resources and wealth have been allowed to be sopped up by the powerful few.  During the Reagan administration, I believed in the trickle-down economics that were preached in the day.  However, it didn't exactly work as perfectly as projected then, and it isn't working well now at all.  The wealthy simply trickle the money out of the country, while outsourcing our jobs and manufacturing.

Yolanda - The middle class is treading water in hopes of not drowning.  There is a question I keep asking, which no one seems to have the answer to.  The question is, how can the American worker compete with an off-shore worker who will work all day in sweatshop conditions, for what it takes an American with that as hourly wage to maintain a minimum standard of living?  My concerns are we aren't developming infrastructure to compete globally.  We aren't educating to compete globally.  We can't accept wage to compete globally.  And, we are unwilling to totally polute our air and land to compete globally.   And why is the word, TARIFF such a bad word?

Silvia - We can certainly hope that they might.  I think the thing that concerns me is the popularity of REITs - (Real Estate Investment Trusts), which became popular while ramping up to the meltdown.  These were investments primarily tied to real estate holdings.  If banking and Wall Street uses real estate as an investment product, they are potentially capable of holding these assets as rental properties for a very long time.

William - I agree with you!  The question is how do we get the two parties to work for the people rather than the lunatic fringes and special interests.  I think the supreme court ruling that corporations are people too, which allowed them to pump untold dollars into campaigns really made it difficult for anything, but polarity in Congress.  The body has been rendered corrupted, dysfunctional and pathetic, because they are so bought off by special interests and super PACs, to be effective in formulating REAL solutions for the people.