Rally to Protect the American Dream or Rally to Enslave Americans with Debt?

By
Real Estate Agent with Francis Group Real Estate

Rally to Protect the American Dream...

Protest Government Incompetance in Real EstateOk... I'm trying to remember how I popped into Realtor.org. Can't remember the last time I was there... I can't even remember how I ended up there last night.

However... I did come across something somewhat memorable and it was this whole Rally to Protect the American Dream thing that is scheduled to take place in Washington D.C. on May 17th, 2012 sponsored by the National Association of Realtors® for a whole 1 hour and 30 minutes. First time I've heard about it..

Hmmmmmmmmmmm...... Is this a Rally to protest the Nonsense out of D.C. and how "programs" have set real estate back several years at an enormous cost to U.S. Taxpayers? Is this a rally to protest the complete incompetence of Fannie Mae and Freddie Mac? Is this a Rally to protest how Banks have taken over real estate?

I'm getting a little excited and checking my schedule... (Not really)  A great little protest to blow off some steam and letting some politicians paid off by Wall Street hear all about it should be some great fun!

Then I read this statement:

We must have a sustainable, durable housing economy for generations to come. Congress and the President should see their job as bolstering the housing economy and strengthening our commitment to the country's health. If the housing market continues to falter, the economy cannot fully recover.

Sigh... letting off some steam and dreams of throwing awards are gone. Just another pandering rally to lobby to do even more damage to the real estate market (and economy) by asking the Federal Government to get involved even more.

Have we not learned anything over the past eight years?

Where in the U.S. Constitution does it state that "It's the Job of Congress and the President to bolster the Housing Economy?"

Ludicrous... Since when did the American Dream mean that Americans should pay more?

My Opinion ... and has been for several, several years...

Congress and the President Need to GET OUT of Real Estate. Get out of our way and concentrate on getting OUT of the way for small, private businesses to FLOURISH again. Small, private businesses are the backbone of the economy and small business owners have taken an ABSOLUTE beating for the past six years.

End the Crony Capitalism. End the Pandering Programs... End anything to do with the Federal Government interfering with States rights when it comes to real estate and business. Follow your Job Description outlined in the U.S. Constitution.

STOP the NONSENSE of thinking that round pegs can fit into square holes.

LET THE PROFESSIONALS DO WHAT NEEDS TO BE DONE to clear out the mess that was created from a BAD experiment to begin with that artificiallly raised home values and sunk Americans into Debt.

High home Values equal Big Home Loans -- Great for Wall St. - Bad for Main Street. End the Fed bailing out Big Banks that made Bad Decisions. Printing up Trillions of dollars and raising the cost of living for Americans is NOT going to help housing in the long run.

The "American Dream" has nothing to do with being in debt over your head. It's all about being able to get ahead in life and not being enslaved in debt.

Sorry - But the Real Estate Recovery has Been Delayed BECAUSE of Government Pandering to Wall St.

The real estate market recovery (whatever that means to you) will happen when the economy is healthy again. The economy is not going to get healthy because of real estate or home values. That's been the big mistake of the past decade that led to this whole mess to begin with.

Obviously... I won't be going to this Realtor® party in D.C. Personally.. I really don't want to spend a dollar in D.C. because I think FAR too much money is going there already....

Honestly... I'm sort of cringing to know that some of my REALTOR dues are going towards sponsoring this nonsense. The proper education of 800,000+ voters should be FAR more then enough of an influence without spending one dollar in Bribes "campaign contributions".

Sorry... I'm not part of the Sheeple that think Government is the solution and thinking that I need to participate in this is insulting.

For a stunning chart of how Government Intervention with real estate "programs" have created real estate bubbles in the past... check out this History of Real Estate Bubbles in the United States.

Besides that... why in the world does anybody want to be saddled with BIG MORTGAGES?

Does a Great Real Estate agent sell homes that their buyers can't afford... or does a Great Real Estate Agent sell homes that are easily Affordable? What's more important, High Home Values or High Home Affordability?

Why would any True Real estate professional support programs that are attempting to keep artificially high home values, artificially high?

If you want to Make it a Little More Exciting where I MIGHT Consider Going...

Let's talk about demanding that Congress and the President get OUT of the Way... Let's talk about the incompetence of Fannie Mae and Freddie Mac...  Let's talk about repealing the Dodd-Frank bill.

An hour and a half? Forget that...

Do it right and Occupy D.C. 

Get some real speakers such as Peter Schiff, Thomas Sowell and Jim Rogers. People who saw the collapse of the real estate bubble and the reasons why...

Pandering to Politicians in D.C. is the wrong way to go.... end it now and stop wasting my money.

Just my thoughts...

Paul Francis
Prudential Americana Group, REALTORS
Las Vegas Real Estate
702.592.3058

Comments (7)

Maria Morton
Platinum Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

It would be nice if our lawmakers would make the banks obey the laws.

Mar 09, 2012 03:16 PM
Paul Francis
Francis Group Real Estate - Las Vegas, NV
Las Vegas Real Estate Agent - Summerlin Homes

@ Maria,

It would be nice if our Lawmakers did not pander to the banks...

 

Mar 09, 2012 03:42 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Paul,

Outstanding post!  Enough with useless posturing...getting the politicians out of the way so that the economy can correct itself it exactly what needs to happen.

"Suggested".

Mar 09, 2012 08:59 PM
Paul Francis
Francis Group Real Estate - Las Vegas, NV
Las Vegas Real Estate Agent - Summerlin Homes

@ Lisa -- Thank you... too controversial for AR to Feature it. Thank you for the suggestion though...

Next weeks post on why to replace Granny's Wallpaper to get top dollar should do the trick in getting "featured".. Lots of laughing..

Mar 17, 2012 10:43 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

"Let's talk about demanding that Congress and the President get OUT of the Way... Let's talk about the incompetence of Fannie Mae and Freddie Mac...  Let's talk about repealing the Dodd-Frank bill."

I agree STOP the nonsense! STOP the insanity! Just like the homeowner was blamed for using their home as an ATM, that's exactly what the govt in tandem with Wall St did with the real estate market!

Mar 19, 2012 11:12 PM
Anonymous
Stacy

The reason for the rally is because congress is proposing higher down payment for an FHA loan...20% if this passes home ownership will be out of reach for so many.  The other thing they are proposing is lowering the tax deduction you would be allowed for your mortgage interest.  The Realtors are rallying on capitol hill to help protect home ownership, these are just a couple examples of what congress is proposing, from what I understand there is much more that will end up costing homeowners even more with hidden fees in mortgages.  I honestly know nothing about politics, but I know when I heard the proposals it made me very angry!!

Apr 02, 2012 06:28 AM
#6
Paul Francis
Francis Group Real Estate - Las Vegas, NV
Las Vegas Real Estate Agent - Summerlin Homes

Stacy,

Really? In order for a bill to be passed, somebody has to propose it. Seems to me that it would be much more cost effective to pinpoint legislatures that are anti-real estate in the first place.

Unfortunately, the NAR has a long history of giving away money to people such as Barney Frank and Chris Dodd.... I really hope I don't have to educate you on the damage these particular people did to real estate.

Sorry Stacy... but the message for the rally is for the President and Congress to do more.. when reality is this whole mess started and has been a mess at an enormous expense to the Taxpayer because of the President and Congress.

HOWEVER....

Some of us don't have mortgages... the other 70%+ that do have mortgages pay their mortgages on time.

Personally... I really don't care what my home value is. If I want to sell and move on then in a truly fair market, I should be able to do so without knowing that the supply is being manipulated in order to benefit the banks.

Yuck... you got me ranting... Everything you mention does nothing but make housing more expensive in the first place.

Great for Banksters and commissions for real estate agents... bad for the economy when it comes to the "big" picture.

Regardless... if both of what you mention come to fruition... then home values become more affordable in the long run and Americans have more disposable income.

Selling my house in order to go out and buy a more expensive home just to get a home loan in order to get a tax deduction is moronic.

I'd rather go out to eat every night and have a good time spending money in my local economy then sending a check to Wall Street for a Tax Deduction.

Ludicrous poor person thinking...

Learn to live the Debt Free Life and you'll be much happier then sending checks to Wall St. thinking you are happy running circles in the Hamster Wheel...

Lots of laughing... I only need to make about $10,000 to pay all of my bills for the year.... Working hard to make my yearly income needed to be ZERO...

By the this time next year... I don't have to work and my income for doing nothing will exceed my bills and I'll build on that....

That's TRUE Wealth....

Have a great "Rally" supporting the American Nightmare of Debt....

 

;)

 

 

 

 

 

 

 

 

Apr 05, 2012 10:10 PM