The Financial Crisis

By
Real Estate Agent with Discount Brokers of Georgia

My suggestion based on over 15 years of Banking experience as a Branch Manager, 6 years experience as a Realtors, 16 years experience as a Real Estate investor, and almost 2 years talking directly to homeowners losing their homes because of this situation is to do the following:

Reduce the interest rate on all mortgages to owner occupied residence to a flat rate of 6%.  This will save the average homeowners $200- $500 per month.  This will help in allowing people the opportunity to stay in their homes and still be able to put gas in their cars and food on their table. 

This Financial crisis is because people are unable to make their mortgage payments.  If you help these people on Main Street it will reduce the number of foreclosures and reduce the number of non performing loans in the banking industry and free up money for banks to make additional loans.

 

 

Comments (10)

Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Kimberly,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Sep 29, 2008 03:51 PM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Kimberly,

Welcome! Sharing your perspective makes Active Rain what it is, an unlimited educational resource. The more you express who you are and what makes you tick the more people will know, like, and trust you. And will probably refer you. Just like anything else in life the "Giver's will Gain".

 

 

Sep 29, 2008 03:55 PM
Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Welcome to Active Rain and thanks for sharing your ideas.

Sep 29, 2008 11:33 PM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.  Have fun with it and hope to see more of your blogs soon!  We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Again, welcome to AR!!

Sep 30, 2008 12:50 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Sep 30, 2008 03:06 AM
Connie Rice
Keller Williams Greenville Central - Simpsonville, SC
Connie Rice & Partners - Greenville, SC Real Estat

Welcome to the rain! You've joined a great place to network, make and meet new friends and discuss lots of interesting topics. I see you are already off to a great start! Stop by if you get a chance. I would love to hear your feedback on our thoughts! Well, have great time and ENJOY. Look forward to seeing you around.

Sep 30, 2008 04:49 AM
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Good afternoon & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas.  Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog!  Keep it up. Again Welcome!!

Sep 30, 2008 07:29 AM
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to network, share, learn, and have fun.

Good Luck

Sep 30, 2008 05:04 PM
Dan Nord
RE/MAX Results - Omaha, NE

Welcome to Active Rain, you've joined an excellent site to receive free marketing, share ideas, and network.  Have fun and enjoy yourself.  Good luck.

Oct 01, 2008 01:45 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2017.

  Much has changed since your last blog post.

  Best to you!

Jun 11, 2017 06:06 PM