House of Representatives Approve Real Estate Bailout
May 9, 2008
The House of Representatives approved a bill that would provide a real estate bailout for mortgages. President Bush has promised to veto the bill if it makes it to his desk. Some of the controversial issues in the bill include a proposed $300 Billion (yes, Billion with a B) dollars that would essentially help a great many of the persons that caused the real estate crisis in the first place - and it would be overly burdening of the American Taxpayer.
Comments
Got something to say?
Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
Loading ...
