President Elect Obama has chosen his new HUD Secretary - Shaun Donovan. Just like the current HUD Secretary, this guy appears to have plenty of experience in the government public housing sector but little if any experience in business, real estate, or mortgages.
Mr. Donovan is currently the commissioner of the New York City Department of Housing Preservation and Development. It is a true shame that bureaucrats keep getting appointed to this post instead of people with real life experience in the real estate industry. But I guess this is just typical Washington politics as usual. So much for "change." It just seems like more of the same.
Don't get me wrong. I wish Mr. Donovan well. I hope he helps get the housing sector back on track. That's one of my Christmas wishes anyway. :-)
You can read more about Shaun Donovan at USA Today and New York Times.
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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
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