Our financial markets are being rescued by our federal government.
Of course, I LOVE IT! We needed this panic to stop. However, although there is no choice and we must do everything possible to put the system back together, the cowboys were out of control. The greed and irresponsible actions of these institutions to look away from risk and only care about fees and profits was criminal. This is strong but we must realize they ruined lot of people's lives. We the tax payers are footing the bill for the poor judgment of the Banks, Wall Street and others who created a phony structure to raise and lend money.
Now I think we can look forward to the real estate to start it stabilization and base building and get back into the real world. It will take time but this is the beginning. Buyers should take advantage of these times, low interest rates and reduced prices.
I am watching one of the biggest stock market rallies I ever seen! Records will be made. Let's put our selves together and sell real estate and get back to the fundamental business we once had.
Good Luck!
Richard
view my new homes for sale
