Sunday, March 4, 2012

Rental Program by the Govm't?

Just remember anytime the government gets involved with private enterprise it skews the natural balance/energy of the markets. Look what happened when the Glas/Speigle Act was repealed in 1999! This opened the flood gates to derivitives and Voila the banking debacle that has resounded for 10 years --- so far. Let the natural market of investors and buyers absorb this wrecked housing market. Limit the monies that have been given to the banks to only be used to actual real estate purchasers NOT for their investment portfolios. Sadly there was no oversite nor accountability designed when the BILLIONS where handed out - Amazing! You don't cure a cold by inducing pneumonia. I whole heartedly agree with NAR.

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