I have written lately about the optimism for stabilization in Real Estate. 
My confidence is primarily a result of the the President promsise not to Veto the American Homeowner Rescue act that is expected to receive Senate Approval this weekend.
I believe this legislation and the earlier move by the Treasury to help (not bailout) Fannie and Freddie Mac will finally add confidence to the Wall Street and the ailing consumer.
However, ...
the stock market was down 283 points in response to a shockingly week report on declines in existing home sales, interest rates shot up to a 12 month high and
many argued that the cost of the Housing Stimulus package at a mere $25 Billion is too high a price to the US tax payer.
My question I ask for all to ponder and answer is ,
- Do you think the Housing Rescue Bill will work ?
- Is it worth it at any cost ?
If you think this Legislation will be innefective, ...
- what ideas have you heard or can sugggest that we should focus upon ?
Or ... like many say,
- There is nothing that can be done. the FED did not get us into us, and they cannot do much to get us out.
Please share your thoughts, good , bad , ... just not indifferent
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Copyright © 2008 By James Wexler, All Rights Reserved. *Who has the answer to the $25 Billion question?*
Contact James Wexler (480) 221-8080 for all your Phoenix | Scottsdale area Real Estate needs
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