What about a Realtor Bail Out?

By
Real Estate Agent with The Mustafa Group
Since everyone is talking Bail-outs, how about me? I'm concerned about my future too so what do I do - I work harder and smarter, that's my option. I specialize, downsize, qualify prospects more intelligently, make smarter decisions and listen better but is that enough? What about my bail out? I know that I'm "just a Realtor" But I"m a professional and on a different scale, I'm effected too. The difference is that every day I wake up - I'm unemployed. I don't make a living unless I successfully close a transaction and even after everything is perfect, the short sale, foreclosure or REO might still not close or it can come back to haunt us costing more time and at the end of the day, time is money. My 401K and SEP IRA are down substantially, not to mentione the overall number of transactions are down, effecting my income. I've taken a hit and no one is coming to bail me out. Am I affected, UBETCHA. My investments were for MY retirement, not to fund failing businesses or wall street adventures. I want my money back. They say 'wait, it will come back" - WHEN? Will it be before I retire? Make me whole, I'll take my money and hide it and hope someone doesn't find it. IMHO, Tax payers are paying to bail out companys that turn around and file chapter 7 and after giving them billions and billions of our money, there is no chance of a return to us. I've had enough already. What's the bail out to our middle class, our professionals that struggle? Was the solution a $600.00 stimulus check? LOL.
Posted by

Cindy Mustafa, REALTOR, ABR, CDPE, E-Pro

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Ohio Portage County Aurora
Groups:
ABR/REBAC

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
32,291
Mike Eddy
Coldwell Banker Island Properties - Wailea, HI
Maui Real Estate Broker

Cindy - Well said. I'm happy to be the first to comment and to also get my name on the top of your bailout list. My 401k is gone, my IRA is gone, all my buyers are gone and I am currently living off my $600.00 stimulus check. Something needs to happen soon :-(

Mike

Jun 12, 2009 12:23 PM #1
Rainmaker
430,921
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Unfortunately, people voted in the politicians who are looking out for themselves.  These large companies contribute to their campaigns.  Credit card companies were given a make believe rule change.  The interest rates were still not capped.  In 1994, they couldn't charge more than 18%.  They can still raise your rates, and hit you with late fees.  It is just 10 days later than it was. Why has that not been brought back to save consumers?  We do have the opportunity to vote them out.  The US Congress is up for re-election next year.  Vote them out!  Vote people in who will remember who put them there.  Most of them have just been in the office too long, and have forgotten! We need, fresh, honest and hungry policitians!

Fran

Jun 14, 2009 03:42 AM #2
Rainmaker
522,122
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

It is not always wise or better to replace a known quantity with an unknown.  We often think or say that anyone has to be better than the current officeholder.  That's what the people in Illinois thought when they elected a Governor who promised that he would clean up the office and bring credibility to the state.  Now, his wife is on a rality show, and he may be worse than the guy he replaced.

Truth is that government is almost never the solution to pain and suffering of the individual.  Buy stock in the companies that are getting bailed out, and profit from their future success.

 

 

Jun 14, 2009 08:14 AM #3
Rainmaker
430,921
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Mike, That's a good spin on it:)  Thanks, I always try to look for the positive!  Our US Congress has people working for us who have just been there, too long.  They are not limited to 2 terms.  They certainly do have the advantage there.  Sorry for your troubles with your Governor.  We had them here in Connecticut, too.  We had Governor John Rowland.  Short jail term and he is back at work in the town where he grew up.  Our present Governor, Governor M. Jodi Rell is awesome.  So, for us, it worked out very well.

Jun 15, 2009 09:44 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
26,176

Cindy Mustafa

Aurora REALTOR
Ask me a question
*
*
*
*
Spam prevention