Blah, blah, blah

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Give capitalism a chance!

It seems to me that the big hoopla created by those we pay big bucks to run our country is a joke. We need to get the price of real estate going back up, not holding steady, or continuing to drop. 4.5% mortgage rates are nice, but are not the fix.

Mortgage lenders are scared to death to lend, even to A credit borrowers, so that a nice low rate does not matter. Coupled with this is the fear among consumers that are not sure if buying a house is going to be worth it in 5- 10 years. In other words, will the home go up in value or just flat-line for eternity.

Short sales abound out in the real estate world, as do potential short sale buyers, but the same banks who 3 years ago could approve masses of buyers at light speed, now just can't seem to keep up with the line for short sales. We all know that one of the conditions that needs to be met before home prices elevate, is the sell off of all of the short sales out there. The banks need to quit dragging their feet.

More govt regulation that will only scare the crap out of lenders is not the answer. Instead, our so called leaders should let the free market take over and run. Capitalism works. Lets give it a chance

 

Comment balloon 6 commentsKevin Robinson • January 30 2009 01:30PM

Comments

Kevin,

I couldn't agree more. In fact, when I hear a politician say that it was greed and capitalsim run amok that got us into this mess, I want to cringe. It was government and regulation that made this bad. If we really just left the market to correct itself, then I belive it would be with much fewer casualties than we are going to see.

Posted by Es r (CSR) over 9 years ago

Kevin,

I am thankful I have short sales and foreclosures to keep me fed!

Posted by Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County) over 9 years ago

Capitalism has done more to lift people out of poverty and into higher standards of living than any other program. Rammed down socialism, like in the Soviet Union and China just drove standards lower. Just look at Korea. and the declining economy of Venezuaela.

Posted by Mike Saunders (Lanier Partners) over 9 years ago

New poll states 63% of Americans feel that our government should let the economy fix itself.

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

Kevin ~ I will look for some great deals. I will let you know shortly.

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

We should let captalism and mother nature run the course.  Instead the government thinks it can save the universe. This worries me tremendously.

Posted by Trey Thurmond, College Station , Texas Homes (BCR Realtors) over 9 years ago

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