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The only way to fix the Economy and the mess the US has is to start with the Real Estate market.

The only way to fix the Economy and the mess the US has is to start with the Real Estate market.

Why are we worried about the auto industry? Because we need cars? NO! They made their bed and they should lie in it.

The US is not going to get back into reality until they fix the housing market...did you notice that that's on the back burner? Is anyone even addressing it? Not that I can see.

Until the Real Estate market is fixed,...the car market really doesn't matter. People need a place to live, they need a place for their families, they need a home. They need a homestead, they need schools for their children, they need security.

Forget cars...people can take public transportation, people in the US need a place to live. The recent market have created a mess for home owners, their families, and the like. People need a home, transportation is secondary. Families need a roof over their heads...They need to be able to sleep at night...Transportation and the money that the auto industry wants should be secondary...remember...the foreign auto makers are not in the same situation as those in the US...they are not asking for money...they are solid.

It seems to me, that everyone is more concerned (and the car industry wants billions - paleeze, you made the mistakes, you CEO's make millions, you fly in to Washington on your private jets the first time,,,fly in the second time [out of embarrassment the second, or drive])...but people need housing.

If the American public does not have a home, they are not buying a car. They are not buying a house, they are situate in a situation where, America has gone wrong. They cannot properly take care of their children, their children are not in a steady school situation and this situation should not occure in the good old USA.

What irritates me the most, is that Obama, who hasn't even been sworn is a President yet, is promising the same as he did before...it's a bait an switch motive with him...IMHO. If he was going to make a change, why is all of Clintons people in his cabinet and why did he enlist Hillary...She'll hang out for 2 years...QUIT, and run against him in 2012. This just proves to me, how bad this situation is. It amazes me that he would hire the Clinton party...(um...what part of "NOT" doesn't he get?). Hillary is going to crucify Obama...Yes, he will control her for a short time, make an "a" double "s" out of him, and take over the Democratic party in the long term. Obama, oops...so, to help you...

So, FIX THE REAL ESTATE INDUSTRY...AND the rest will correct itself...because with your cabinet choices, you need all the help you can get...IMHO.

Just my opinion. It all starts here.

What say you?

http://www.KarenMonsour.com, 954-464-4194 cell

Posted by Karen Monsour,REALTOR® Broward,Palm Beach,Miami/Dade! 954-464-4194 anytime! on 12/03/2008 07:37 PM

Comments (15)

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Originally posted at: Karen@ www.KarenMonsour.com: The only way to fix the Economy and the mess the US has is to start with the Real Estate market.

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15 Comments on The only way to fix the Economy and the mess the US has is to start with the Real Estate market.

DEC

Hi Karen

We agree real estate is the engine take will drive the economy into recovery, and it appears the real estate professionals will do it without the help of Washington.

Good luck and success

Lou Ludwig

I have been screaming this point for some time myself. They talk about helping real estate but I never see any action. Homes is the key to success, I agree with you.

And of course Karen, if people don't have a job they don't buy cars OR houses. Jobs is where the foundation of an economy lies, and good paying jobs with benefits. But real estate is such a huge engine, if it is lifeless, pretty much nothing else is going to work.

The problem is, those in Washington have home(s)...notice the plural...and many people who were caught in the debacle of 2005, are living in a state that no one in the US should have to live in. The fact that the industry allowed mortgages, and allowed mortgage companies to loan money where the balloon mortgages would ruin them years later is horrific. The US and mortgage companies should have known better, and the lenders who gave mortgages to those who, with a 2-3% increase in pay per year, wouldn't be able to handle the balloon mortgages should be the ones prosecuted, the home owners shouldn't...that is if their was full disclosure on what would happen to their loan...2 years later.

David,

Thanks,

If people don't have homes....they are living in the streets/with relatives and this is not the way the US should work... This situation makes me sick. It's patethic that the Washington insiders don't care...then again, with their salaries and their multiple homes...it doesn't, sadly affect them.

Gary,

If people don't have a home, it's hard to have a job...shower's, clean clothes, food, is required to be able to work.

Housing and a secure home, even if a rental..is a home...People need to be safe, need sleep, and food in order to work... Sleep is required in a safe place for an employee of any company to be productive.

What say You?

Karen, it is so apparent that many cannot see it. Without homes being built and sold you have people also not buying furniture and appliances. Then that leads to loss of production, which shuts plants down. Wages maybe high in some areas but so are taxes. Also, if values do not stabilize and if something does not stave off foreclosures then what will really matter. As foreclosures continue and homes do not sell then one cannot get a value even if you have a credit qualified borrower/customer. It does all boil back to building and manufacturing driving the economy. We need help to move forward into 2009.

Karen, I will have to disagree with you on this topic. The current economy is caused by the finance industry. The real estate market has been bubbled due to the same reason. To fix the economy by introducing anothter bubble to the real estate industry is not a solution at all. How to really fix the economy is a huge question and cannot be answered in this comment at all.

Karen - It has been amazing to me that focus on "fixing" the problem, has been to bailout the top of the problem, and those who were selling mortgages as securities, sometimes repackaging them as products called credit default swaps, etc. and turning them into little more than worthless Pokemon cards. Little attention has been at the core of the problem - the homeowner and main street. It's as if we are so focused on spraying liquid fertilizer on the trees, hoping to green up the folliage, while ignoring the fact the trees are growing in clay soil without water.

Karen as usual I agree with the gist of your post with one exception; I like Hillary and I hope she does unseat him!

Eric,

Fantastic point...it all rolls down as you have pointed out...The auto industry should be on the back burner...The REAL ESTATE industry should be a top priority...then again, those in Washington, DC have multiple homes,,,so it's not hitting them. Sad, very sad. Thanks for your comment...

HZ,

You obviously didn't understand the post. And perhaps you don't understand my point, please feel free to email me.

Myrl,

Right.

BEST SPOT REALTY,

Hey, me too...after all, it's going to be a Clinton administration anyway...I'd feel better with Hill at the helm too...we don't disagree on that one...

DEC

AGAIN, If people don't have homes, they will not buy cars. If they don't have jobs, they won't have homes...forget about a car.

I have not heard anything much discussed about the housing industry...LOOK AT IT THIS WAY, forget those greedy car dealerships...there are always Toyota's, Nissans, BMW's and the like, so there will be car's to drive without bailing out the losers...Perhaps those greedy CEO's need to regroup...after all, they've made fortunes...

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