Help for Foreclosures?

By
Real Estate Agent with Keller Williams Realty NC RE Lic #210076

Help for Foreclosures? 

Once again, the media gurus are critical of the President's plan to help with foreclosures. 
Why am I surprised? "So many today are expecting the government to bail us out from every mistake that is made.

Those that are critical say it only helps about ¼ million Americans while about1.2 million subprime borrowers are in trouble. Where is individual accountability? It seems to me that we need less government intervention than more.

Tax cuts are just one example of how less government is a benefit.

Some prefer no intervention while others want more. I would prefer to let the market determine what is needed.

One industry anylasist says, "Buyers who were expecting a "huge fire sale" on homes may not like the market to continue sinking. But at the end of the day it's going to
alternative of all those folks losing homes over the next five years.""

All in all, I hope the market will determine the direction for real estate. I trust it more than some government bureaucrat.

 

Comments (2)

Connor T. MacIvor
RE/MAX Gateway - Santa Clarita, CA
661.400.1720

Monday night quarterbacks, arm chair heroes, and the like.  People that are happy watching and not getting involved.  Love that media - I just wish people were able to see through the Vaseline on the lens....

Connor with Honor

Dec 06, 2007 12:09 PM
Susan Trombley
Trombley Real Estate - Wake Forest, NC
Broker/Realtor, Raleigh, Cary, Wake Forest, Youngs
Well, I believe that the mortgage companies that let the borower's borrow the money can help us get out of this by not raising up the interest rates so those who got the loan can continue to make the payments that they first started out with.
Dec 06, 2007 12:12 PM