why housing is too important to do nothing: Why Housing Is Too Important To Do Nothing II (continued) - 11/27/07 05:02 AM
This is a continuation of my post, Why Housing Is Too Important To Do Nothing II.  Please click on the link to read it first, if you haven't already done so. 
So, as you would if your doctor told you that you have an infection in your heart, we as a country have a choice to make.  We can treat it or not.  It's that simple.
If we don't treat it, housing values will continue to drop.  Billions, if not trillions of dollars in home equity (the largest single source of wealth in the country, by the way) will evaporate.  Builders will stop … (5 comments)

why housing is too important to do nothing: Why Housing Is Too Important To Do Nothing II - 11/27/07 03:51 AM
Yesterday I wrote a blog called, "Home Ownership Is Too Important To Do Nothing" where I outlined some of my thoughts on the current housing and mortgage banking mess.  Today I'd like to expand on why I feel that those who say that we should simply wait for the markets to correct themselves are, if not wrong, then at least asking for some unnecessary pain for our whole economy.  In order to not run too long, I've broken this post into two posts. 
NOTE:  Please bear with the econ lesson here, but I felt that it was necessary background in order … (3 comments)

 
R. B. "Bob"   Mitchell - Loan Officer Raleigh/Durham, Bob Mitchell (NMLS#1046286) (Bank of England (NMLS#418481))

R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bob Mitchell (NMLS#1046286)

Raleigh, NC

More about me…

Bank of England (NMLS#418481)

Address: 4004 Barrett Drive, Suite 201, Raleigh, NC, 27609

Office: (919) 876-8400

Mobile: (919) 289-9611

Email Me

A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.


Links

Archives

RSS 2.0 Feed for this blog