Stop Trying to Build a Dam!

Reblogger
Real Estate Agent

 

Original content by Sara Homan

When the market was hot and house inventory was at an all time low did Washington try to stop it?  Did the banks create a road block to prevent people from getting financing?   No sir!  We all enjoyed the benefits of that market.

America is going through the after effects of that crazy market,  What goes up, Must come down!  There was an unusually large increase on home values that simply didn't keep pace with wages & employment so it had to burst... Why can't we just let this market run its course?

What happens when a dam breaks?  What causes it?  Excessive pressure and unusual quantities of water and a structure that was not designed to withstand that kind of pressure.   The real estate market is similar,  we are accustomed to ups and downs but the excessive pressure of short sales and foreclosures are creating an enormous crash for the regular market of sellers who are holding on by their fingernails.

The devastation of a dam that breaks if far worse than a heavy rain that brings run off.  So Mr Obama, keep your "dam" hands off the real estate market, we don't need more devastation!  That goes for health care too!

Comments (3)

Betty Knowles
Southwest Missouri Realty - www.teamknowles.com - Springfield, MO
TeamKnowles REALTORS® - Springfield MO Real Estate

Anytime the government gets involved there are unintended consequences. We're from the government and we're here to help! Not

Mar 04, 2010 10:40 PM
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Betty and John,  Time we learned that lesson.  I do think the American public has become much more tuned in than this administration realizes.

If we go back in time, when Progressives attempted to take over our country with Wilson and FDR, the public woke up and cleaned them out.  I'm thinking the awakening has taken place again.

Mar 04, 2010 10:48 PM
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

I have to agree with the first comment, anytime Government gets involved it always goes wrong.

Mar 06, 2010 01:05 PM

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

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