The New, Newer, Newest Plan for Housing

By
Real Estate Agent with AllMountainRealty.com

I listen to the Newest plan for the housing market by Senator Clinton. This one made much more sense than the other bailout plans she had. But one of the things that struck me was how far behind the curve government is. When they actually start doing things to bailout folks usually it is too late and the market has turned. Even the Bear Sterns bailout is interesting as last night I heard a gentlemen talk about how if the Fed holds these mortgages long enough they will actually make money !! They apparently have done so in the past.

This leads me to the newest Clinton plan. No where in this plan is any oversight or regulation on lenders who made this mess. The only talk of oversight or change is in relation to sold loans. We as the taxpayers are footing the bill for this. How ? By lower interest rates. Your dollar is worth less. This makes it easier for the bigger boys to borrow to gobble up the big boys who are in trouble. The Chairman from Bear Sterns isn't selling his house. The Merrill CEO got his parachute. You got higher prices, higher unemployment, and a bad housing market.

Where is the check for every Realtor who took it in the wallet over this mess? When do we get bailed out ? Certainly the newest Clinton plan makes a lot more sense the older ones. The drug companies rip us off, and the Administration who is in their pockets, says we cannot go to Canada for prescription drugs. The oil companies rip us off at the pumps and make record profits. Now the Banks are doing it too. Where in the plan are they  regulated ? 

Not to get off the subject but suddenly an image of the soon to be  former President Bush's new library popped into my head. I think it will be in the shape of an Oil Rig with the internal supports shaped like a dollar sign , and a top dome shaped like an Aspirin. I am ranting a little here but unless you just landed here from another galaxy you can see who controls our politics. Like him or not the message of change resonates for good reason.

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Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog

On line at www.allmountainrealty.com Call at 706 579 1098

We sell Homes                                                    

 

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Rainmaker
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Marc Baysek
Iron Horse Properties, LLC - Rockingham, NC
Iron Horse Properties

Maybe if the candidates and the media would focus on the gas prices nearly as much as they have the housing market, they could force the oild companies to lower prices, just like they forced lenders to tighten up.

Mar 25, 2008 03:13 AM #1
Rainer
32,495
Summit Realty Group
Summit Realty Group- The Future of Real Estate Today! - Highlands Ranch, CO

 

The liberal government has always been behind the curve because they are not smart enough to keep up with us and the market.

Mar 25, 2008 03:16 AM #2
Rainmaker
383,144
Kevin Robinson
Twin Falls, ID
Fractional Developer
Maybe we should increase supply of oil by drilling in our own country and build some new refineries.  Wow, we could reduce our dependence on the middle east, create good jobs, and lower the price of gas. But, lets not have gov't do it for us. Our governments job is not to save us from ourselves at every turn. Thats our job. BTW- record profits are not bad. As a businessperson myself, I am shooting for record profits this and every other year. Otherwise I should not be in business.
Mar 25, 2008 03:20 AM #3
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