On April 3rd Chanel 12 News interviewed me for the 11:00 p.m. news regarding the recent government incentives for those buying foreclosed homes.
That was a great opportunity to interject some positive news and I took advantage of it.
The report on T.V. that night was positive and I was shown responding that the market is great if your buying at this time. We have low prices and low interest rates and a commodity that is a necessity. The sales trends have been in a positive direction lately and the weather here in Michigan is finally on our side for moving even more homes.
I stated that I felt it is the roll of government to take steps to solve the problems in the housing iindustry and I was in favor of it. I wasn't shown making some of the statements but I also commented in the interview that government may have been complicit in the problem by allowing the relaxation of qualification requirements for home buyers.
I told the interviewer I felt the intentions were good, we all support the idea of higher levels of home ownership, but loans without documentation "liar loans" and nothing or next to nothing down loans inticed people to buy over their income levels and now we are seeing the results.
The students taking the 40 hour real estate class were filmed and one was interviewed. It was good to have the public see that not everyone is running from a real estate career and that there are actually people taking classes to get started with a career in real estate.
I really appreciated the opportunity to get a positive message out and I was very pleased that they reported the interview in such a positive way.
There is that concern with many, myself included, that the news media can talk the economy down. There is no mistaking this economy for a strong one but if all that is expressed are negative thoughts there is a danger that people will further restrict purchasing and worsen the situation.
Our seminar on buying foreclosed homes is being updated with an emphasis on investors. Many people are capable of purchasing multiple homes and if they feel that their investment has a better chance of a return than the stock market or another investment opportunity we can take even more foreclosed homes off the market. These individuals may not want to be in the Landlord business but we will show them how to buy with a minimal amount down, secure low interest financing to end up with a profit even when they hire a management company to handle the rental aspects.
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