Foreclosure Onslaught

Real Estate Agent with Frank Rubi Real Estate
Do you think the government is really worried about the homeowners who may loose their home? Are or the politicians worried about getting votes.  I think they are just worried about the investors and the big bucks they may lose either thru campaign contributions or dividends.  I want the government to stay out of this mess, since they caused it in the first place.  let the market take care of itself.
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Jon Miller
United Country-Marshland Realty - Beaufort, SC
Amen brother!  But since the government helped break the cookie jar, maybe they should help sweep up the mess.
Dec 27, 2007 08:15 AM #1
Jen Hudson
Windermere Real Estate/M2, LLC - Stanwood, WA
Stanwood, Camano & Arlington, WA

I agree John.  I agree with Shawna, there is too much "bad credit, no problem" that is the real problem.

Dec 27, 2007 10:01 AM #3
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Keller Williams Realty - Ann Arbor, MI
Ann Arbor Area Real Estate

Yes, we all need a personal money management class.  The whole country could use some help and throw away those offers for credit cards for heavens sakes!  The government is just sounding like you said, they want to look like they saved some people thereby getting some votes. 


Dec 27, 2007 09:41 PM #4
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"
Staying out of the mess is the best thing the government can do.  If they jump in the "cure will be worse than the disease.  Karen Kruschka
Dec 27, 2007 09:58 PM #5
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
John, I agree the government needs to take the hands off approach on this issue.
Dec 28, 2007 12:35 AM #6
Josh Austin
Corona Real Estate - Star, ID
Personal accountability goes a long way in investment decisions.  I have made a number of investment decisions through out my life that didn't turn out the way I imagined.  I have a hard time sympathizing with someone who knew exactly what the outcome would be, ie. interest rates will baloon up at this exact date.  Perhaps it is a symptom of immediate reward syndrome (I have no idea if that is a relevant term but that is what I know it as).  Many have the buy now pay later mindset (credit card companies make a great living promoting this).  Just my thoughts anyway.
Dec 28, 2007 12:55 AM #7
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John Walters

Licensed in Louisiana
Whats my home worth?

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