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Commercial Markets feel the Pinch

By
Real Estate Broker/Owner

The Federal Reserve announced Tuesday that it would now begin to purchase short term commercial paper from banks in an effort to stop the stranglehold that the credit crunch has on American businesses.  The effort comes on top of the massive 850 billion dollar bailout of the same banks "bad" mortgages.  By taking on the debt, it is perceived that banks will now begin to loan money to businesses, consumers and among themselves. 

How is this good for the average taxpayer?  Unless you are wanting to borrow money right now, this problem really only affects your home values and possibly your job in the event of a deep recession.   But if the recession was going to come anyway, the chances are that you would have lost your job anyway.  So in essence, this is another fat cat bailout of those with more political power than you.  And the citizens are going to foot the bill. 

The National Association of Realtors once again shows how out of touch it really is- it is still promoting the "Soundness" of the commercial real estate market even though the evidence is to the contrary.  Makes it hard to trust a Realtor when the Association can't get it right.

 

Dale Terry

http://yadkincountyrealestate.com -Providing real estate services for the Yadkin Valley including Yadkinville, Jonesville, Hamptonville, Elkin, Mocksville, and Boonville. Also serving Yadkin County, Davie County, Forsyth County, Surry County and the town of Lewisville and the City of Winston Salem.

Check out our additional sites, http://hrgproperties.com and http://yadkinvalleynow.com and for new construction, http://whiteoakcustomhomes.com .

 

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