If you were in real estate sales during the late 1980's as I was, then you know that our business is the top of a very large food chain. It all starts here and includes everything from design and redecoration shops to the home improvement and appliance sectors to construction and yes even auto sales. All are all fueled by a solid housing market.
For over two years now, people from Wall street and our government agencies have been blabbing away precious time and our money claiming it was only subprime loans given out by those so called scruplous and deceitful mortgage brokers and lenders and that the problem was only limited to a small sector of the market. As the bleeding began the first of those mortgage lenders like that moron who ran countrywide began blaming the Real Estate brokers for selling people homes that they Countrywide prequalified these people for.
Now the cow is almost done bleeding and I watch the idiots on CNBC and Bloomberg on a daily basis screeming for help to bail out the troubled real estate market. I watch as our country turns private enterprises into government run corporations and wonder what happened to Larry Kudlow's scream of
"I BELIEVE FREE MARKET CAPITALISM IS THE BEST PATH TO PROSPERITY!"
I watched these idiots daily for almost three years now. It has become a sort of reality show for me(that sounds sick and maybe it is) Anyway, about a year and a half ago I asked my friends to watch as well. My prediction; as soon as the bottom falls out of the real estate market enough to affect their pocketbooks, these clowns would change their toon.
HAVE YOU LISTENED TO THESE PEOPLE OVER THE PAST WEEK! THEIR NETWORKS ARE RUNNING TWO HOUR SPECIALS NIGHTLY.
For years now the average person has had higher gas and food prices to deal with. Rising property taxes a squeeze by their employer as far as wages. Rising unemployment with job losses to american companies doing business outside our country. A failing heath care sysytem. School systems and road systems in decay. Broken boarders with millions of illegal immigrants entering our country.
BUT THERES NO TIME TO DEAL WITH THOSE ISSUES NOW. AFTER ALL, GOLDMAN SACHS MAY FAIL! AIG COULD GO UNDER ! JP MORGAN IS IN TROUBLE! FANNIE MAE AND FREDDIE MAC NEEDS HELP! AND GENERAL MOTORS IS LOOKING FOR MONEY!
Today congress tried to set some parameters around the 700 billion dollar bailout to the banks. It was simple they wanted to limit the CEO salaries for those institutions that took our money. The Wall Street pundants had their fur up over that. ARE YOU KIDDING ME!
HERE'S MY PREDICTION FOR THE COMMING MONTHS. STATE REVENUES ARE GOING TO FALL SOON FROM LOWER PROPERTY TAX COLLECTION AND POOR SALES TAX RECIEPTS. GUESS WHAT TAXES ARE GOING UP!
COME ON TELL ME YOUR THOUGHTS!
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