Is the President and leaders taking the country in the right direction?

By
Real Estate Sales Representative with Keller Williams

How does everyone feel about how current elected leaders are leading the country?  Are the leaders making a mistake by bailing out so many banks and businesses?  Is this going to come back and truely help the country?

I think that it will help and maybe already started helping in the Greenville, SC area.  I have seen a huge increase in my business.

What does everyone think?

 

Thanks for your feedback.

Comments (16)

Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Jeffrey: Great idea for a post asking people questions about something we can all form an opinion on. Cheers.

Feb 26, 2009 03:12 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Jeffrey- Just the opposite here! We are still busy because the foreclosure help does not apply to people who are so upside down as we are here in Florida. The housing bill is not going to help here for 2 reasons:

1. either the price of the houses are too high, over 750K you don't get any help

2. you can only get to refi for 105% of current market value, well, that shoots most of our properties right out of the water.

The next thing is we are busy listing luxury homes right now because they want to get their money before it is redistributed but then we won't get buyers who want to buy luxury homes soon because their mortgage interest will no longer be deductable.

Scary times ahead. Financially Nestor and I will make it, we always do, we have a great business model. But the country is going to head into a deep recession and once companies have to start laying off more and more people because the taxes of over 60% ( including all the self employment tax hikes, etc) not including cap on trade, well, they will not be able to keep people employed.

I just spoke with 3 contacts who sell health insurance and they have almost been shut down, their employer contracts are being taken over by the Pres new Cobra policies, and that is going to make for a bunch of unemployed health insurance salespeople.

But 2010 is just around the corner and I think that the people will be able to stop a lot of this with a new congress. Katerina

Feb 26, 2009 03:18 PM
Barbara Whisenant
Windermere Real Estate SoCal - Carlsbad, CA
Home 4 Sale Carlsbad

I think that giving the public the sense that something is being done, will give the public the confidence to move forward.  Right now, everyone seems to be paralyzed and afraid to do anything.

Perception is key!

While many people are hurting and in trouble the majority of people have jobs and are doing okay but they are just afraid.

If the administration can continue to show confidence and that they have a plan and intelligent people working on the problems, I feel that our American Can Do Spirit will win out.

Feb 26, 2009 03:19 PM
Larry Story ALC
Total Care Realty - Greensboro, NC
Beneath it all is the Land, Covering all of NC

I am sorry I am a capitalist to the core.  One truth is the same as nature survival of the fittest.  Well by keeping many of these companies on "life support" via bailout we are merely prolonging the end result which must be if they are not strong they must go.

Feb 26, 2009 03:31 PM
Raine Carraway
Lenoir, NC

I think this may help people move some of the lower-priced homes in the short-term, and may get some renters and first time buyers "off the fence", if they have the income and credit scores to qalify for a loan.

In the long run, I hope it doesn't, but think it probably will make things worse. There has been way too much money pulled "out of thin air" for these recent bailouts and stimulus packages, and we're going to have to repay it somehow, either through higher taxes or by allowing the foregin countires we've relied on to loan us the money to continue practices that cripple our domestic businesses and economy.

Feb 26, 2009 03:40 PM
Jamie and Terri Griffis
1827 Real Estate, LLC - Hamilton, GA
Lake *Home *Land

I guess I should stop watching the news 24/7. I feel like the worst of times is approaching.

Feb 26, 2009 03:47 PM
Dinah Lee Griffey
Windermere Peninsula Properties - Allyn, WA
Managing Broker Windermere Peninsula Properties

Hope can make all of the difference in the world. I see hope and then I see the market pick up regardless of who the president is. I give more credit to the media for changing their message to something fresh-Dinah Lee

Feb 26, 2009 03:51 PM
Raine Nordby
Colorado Springs, CO

I agree with Terri, all news seems to be bad news and I did stop watching. So from my area, which is more conservative, there is a wait and see attitude.

It's a good life!

~Raine

Feb 26, 2009 04:00 PM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Jeffrey, I think that something had to be done.  History has shown us that doing nothing and allowing confidence plummet and fear rise, that led us into the Great Depression.  I would rather have seen the money go to a reinvestment of infrastructure, roads, schools etc, rather than bailing out banks that made poor decisions.

Feb 26, 2009 04:18 PM
Bruce Brockmeier
Internet Marketing Consultant to REALTORS® - Yorba Linda, CA
Coached By Crouch

I have seen a huge increase in my business.

Hi Jeffrey,

I'm happy to hear your business is booming!  However, I'm not happy about all the debt we are piling up.  That's the wrong direction for America.

Feb 26, 2009 04:38 PM
Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

Spending money that's non-existent.  1.2 Trillion in the past 14 days.  3 Trillion $ budget for 2009.  9,000 earmarks.  Honey bee research.  Swine odor research.  24% stock market drop since the inauguration.  Can we say that might be the WRONG DIRECTION?  "Yes We Can!".

Cameron Novak, Corona Real Estate Agent
Cameron Novak

Corona Real Estate Agent
The Homefinding Center
Corona, California
951-212-7479

Corona Real Estate Agent Profile

Feb 26, 2009 05:31 PM
Anonymous
Dave

It will only prolong the recession period and create another bigger Treasury Debt bubble. Its main purpose is to persuade people confidence or private investment sector to "consume" and "invest again.

I predict the worst of the time will not reach nine months laters when the bail-out and stimulus money finally prove to be not effective as thought. It is not possible to use "billions" to fix  overspending galaxy blackhole and hoping artificial intervention to correct the powerful global economic force.

However, it is a period for wealth finally start transferring from one hand to another.

 

 

 

 

 

Feb 26, 2009 05:42 PM
#13
Anonymous
Dave

Remember the NASDAQ peaked at 5000+ almost 9 years ago. Today NASDAQ is about 1400 , and it is even a joke that Bernie Madoff was found to be the biggest world financial scam.

 

Feb 26, 2009 05:49 PM
#14
Judy Jennings
Top Agent Plus - Middleboro, MA
Tap into Judy's real estate expertise & resources.

Are the leaders making a mistake by bailing out so many banks and businesses?  YES
Is this going to come back and truely help the country? NO

I am happy to hear that your business has seen an increase. Just curious which has increased most, the buying or selling side of your business?  Are they mostly first time home-buyers?

Feb 26, 2009 10:19 PM
Jeffrey Thompson
Keller Williams - Greenville, SC

My business has seemed to pick up with the buyers.  I did pick up some investores that has helped but even my listings are starting to be shown again.  I think that it is not so much the bailout money in my area but Greenville, has been ranked like one of the top 6 places in the country to waether the storm in the country. This was in Forbes Magazine. In my area we have not seen "the bubble" and our home prices appear to be cheap compared to other areas. We even have employers whow are moving here and hiring. All I can say, I hope it keeps up.

 

Is this from the bail outs? I dont believe so.

Feb 26, 2009 10:37 PM