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House of Cards is a Must Watch

Confused about what is going on with the real estate market? Wondering why real estate prices have crashed and now why the Federal Governement is asking you and your family to take on debt that will take generations to pay back?

Why is the Government bailing out Wall Street with your tax dollars?

Watch House of Cards on CNBC for an explanation of one of the best documentaries to explain what happened and the people involved.

Times:

* Saturday, February 14, 2009 at 7p/10p ET
* Sunday, February 15, 2009 at 9p ET
* Monday, February 16, 2009 at 6a/8p/12a ET
* Saturday, March 1, 2009 at 12a ET
* Sunday, March 15, 2009 at 9p ET

Something you need to keep in mind while you watch this program is the false economy that it created. As all of these people refinanced their homes to "have it all", keep in mind what this did for all of the businesses that were created with this false money. Think what this is going to do to the commercial real estate sector and the next crisis of 2009.

The latest stimulus bill is nothing more then false hope being created by more debt. Much like false home prices and false security ratings, the Trillion dollars must be paid back and the programs created will do little to solve the problem.

Much like the many people who took out loans they knew little about, the same loan that will be taken out by our Government is going to take us to a level where you don't have to worry about a home loan where the big bad bank takes your home away.. but a big bad loan where our freedom is taken away.

Hopefully if you watch the program, you understand what the solution is. It's not more debt to get us out of what was a false economy to begin with. And.. it's not tax cuts.. it's really the Government staying out of a problem they created in the first place and are now making it worse...

Paul Francis, CRS
Las Vegas Real Estate
702.592.3058

Posted by Paul Francis, CRS - 702.592.3058 - www.LasVegasRealEstateHome.com on 02/15/2009 01:11 AM

Comments (8)

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8 Comments on House of Cards is a Must Watch

FEB

Paul: I just cannot believe there are so many conservatives who are whining about all of the "debt" being taken on in pursuing the Rescue Stimulus Package. Eight years ago our country had an incredible amount of money in a Budget Surplus. If Bush and his den of thieves had done any sort of a decent job in regulating the economy... we would not be here today... complaining about adding debt... onto the debt we already have thanks to Bush/Cheney and friends.

Karen,

Nobody is saying that what Bush/Greenspan did was right... if fact.. most conservatives agree that it was wrong and the downfall of the Republican Party.

No excuse to continue the path down to failure...

If you don't think the new debt being created is no big deal...I'll have my daughter send her share of the bill for you or your children to pay... (Thanks so Much!!)

By the way... we did not have an incredible amount of money eight years ago... it just balanced out with what the Government was spending thanks to the Rebublican Congress led by the Great Newt Gingrich.... spurred by the tech revolution that began in 1993... the tech bust and 9/11 created problems and debt got us out of that... only to have to pay it back later which is now Today. What do we have now???

NOTHING.

Get real and stop thinking Government is the solution.... Conservatives or Democrats are not the solution but the people who vote them in there. I don't work for them... they work for me and I fired them.

Paul, I understand and appreciate your views. My question to you is, 'what do you think the government should do now?'

Paul

I watched the show last night. I had a vague understanding of how the mortgages were packaged and sold. I had no idea of the demand for them was so intense.

So now the banks are sitting on about 60% of the forclosed properties hoping the values come back. The longer these properties sit vacant tthe lower they are worth due to neglect and increased damage that occurs

The congress is going to try to stop more forclosures. I say stay out of it and let the market work it out. We are getting close to the end of the cycle with the loans from 2007 when the process came to a halt with creative financing.

The only trouble I see is the inventory of homes that the banks are holding on to, finally hitting the market.

Jeffrey

I watched the House of Cards late last week. It points to the fact that greed at the top of the food chain led to the downfall in the real estate market. It is a must watch for everyone. If the Wall Street wizards hadn't created and bought the exotic loans we wouldn't be in the mess we are in today.

@ Gabe --- The government shoud stay out of it. They are only creating confusion as they attempt to bumble their way through and try to figure out what will work.

@ Jeffery:

Right on... Govt. needs to stay out of it since they have no clue what they are doing in the first place.

FEB

@ Alan,

Not only us... but the world.. We are not looked at very well overseas right now. Check out some of what is going on in Europe right now as they catch on that they invested money into the biggest Ponzi scheme known to the History of the World.

Several foreign countries have their bonds up for sale right now to try to raise money to keep their countries afloat and we are about to flood that market even more with a crazy plan that several people are saying that we cannot pay back.

The Tech boom between 1993 and 2000 did not generate enough money to pay this current stimulus back... do you think building some roads, protecting some rat in San Francisco or building a train from Disneyland to Las Vegas is going to help out?

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