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No Shit Sherlock

This morning I opened up my email to find my Active Rain Daily Drop. The title of it was something to the effect of FHA Says Market On Life Support. I laughed my read end off for a good 5 minutes. Can you picture a bunch of high paid gov't analysts sitting around a room, staring at all kinds of statistics, and coming up with what every person in America already knows and has known for years. What a joke.

We all know agents and builders who are working at McDonalds or selling cars or loading trucks at Wal-Mart. Take a look at a graph of home prices in almost anywhere in America. If that was the stock market we would all be living in the streets. Take a look at the help wanted section of a newspaper or on some internet job agency. A huge majority of the real estate jobs are for loss mitigators. By the same token hardly any construction or agent  jobs will appear. Here in my town, I have had former builders, with loads of experience coming by my home and asking if they can paint my house, or do a remodel for me. 

Right now I could go to Las Vegas or Phoeniz or a long list of US cities and buy a home by simply taking over the payments. Why? The owner is about to lose the thing because he or she is out of work, and/or the home is worth way less than the person owes. Just take over my payments and my headache. I will go rent an apartment until this thing blows over.

Yep. Our government at work. I wonder what the combined cost to we the taxpayers was on this thing. And then to come at us with what every school kid in America, who has half a brain, already knows.

I for one would like my money back.

Comment balloon 7 commentsKevin Robinson • May 26 2010 12:15PM

Comments

Yep, they have a penchant for being able to state the obvious.

Like yesterday's "More People Choosing to Rent"  Well, holy crap, who woulda guessed that?

Posted by Jenna Dixon, Empowers You With a Better Real Estate Experience (DRA Homes | Cobb County Real Estate ) about 9 years ago

Take over payments? When the home is worth more than is owed? Doesn't work. That's why we are working short sales for bank approval.

Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) about 9 years ago

25+ years ago EVERYONE wanted assumable loans and PAID more for their loans to be ASSUMABLE * I'll bet there are banks/lenders out there who wished for those days BACK!!!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 9 years ago

We are assuming everyone is liking this change and hope thing now from our Marxist President?

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) about 9 years ago

So how is that 'Hopey-Changy' thing going for you?  Let's hope we can toss them all out in November, and then get Mr. 'Adios Amigos' out of there too.

Posted by Michael Delaware, REALTOR®, CRS, GRI (North Sky Realty LLC) about 9 years ago

And these are the Ivy league grads who've annointed themselves as the "elite"! If they stick together in D.C. they don't have to find out that in the real world they are the joke.

Posted by Jon Budish (Resident Realty) about 9 years ago

Millions of people will never recover from this financial debacle.  Our leaders are idiots with more brains than common sense.  I prefer common sense, thank you very much. 

Posted by Kate Bourland, Onlilne Marketing Mobile Marketing (Marketing with Kate) about 9 years ago

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