Is it a good or bad thing that the "Bailout" didn't pass muster? Guess it depends on what side of the fence you're on. Actually, though, it might be a beneficial that it got some extra scrutiny before it was pushed through. Maybe they'll even close some potential loopholes. Time will tell, I guess.
In the meantime, I need to share a comment from one of my associates who purchased a foreclosure in a golf community recently. He was asked if he had any bites on selling it, or if he was able to rent it. The person inquiring made a comment about his having to carry the loan. My my associate said that he felt good that he'd paid cash for it because it was money he wasn't losing in the stock market!!! In this economy what is truer. They aren't making more land and real estate will always have value. Maybe we all should give more thought to where our savings are...Real Estate might be it!!! (And it's more apt to return a profit than the "mattress" approach).
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