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Change 08? Or Change Someday Soon?
by Kevin Monahan
 
Yesterday, Nov. 4th 2008, was a historic day for the future of this country. We have elected a man who has morals which keep him far left of center in his political views, a man who doesn't have much experience in Washington D.C. at all, but might possibly make up for all that with how inteligent he is. Now that all those facts are out in the open, the real question is where does this put us as first time home buyers?
 
Basically Obama and the democratic majority in the House and Senate are going to try and resurrect us from the economic down slide we are in. If the new administration can pull this off, then it spells great things for the ‘first time home buyer.' First, if we can get ourselves out of the credit crunch, sellers and buyers are going to be in better positions to work with each other, simply because there will be more qualified buyers. Second, the bail out of wall street should give the banks more money to lend and also the bail out will hopefully wake the mortgage companies up from their shady practices of the past that got us to this situation ... more

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