RealTown's RealTalk

TX-Lindy wrote "We could go back to, like the old days, getting home-loans only from local banks, which have a vested interest in their communities."

Lindy,

I love the sentiment, but it is about as likely to happen as putting the genie back in the bottle. Besides, if it happens, we then have a smaller market.

Michael Richman, MUP, MBA
Graduate Realtor Institute, Instructor Training Institute, Seniors Real Estate Specialist, e-Pro, Certified Buyer Rep
Licensed Real Estate Broker
Herndon Eagleton Real Estate - Here For You
450 7th Avenue, Suite 948 New York, NY 10123
Phone 917-991-2528
mrichman@HerndonEagleton.com
http://www.HerndonEagleton.com

-------- Original Message --------
> From: "TX-Lindy" <RealTalk@RealTown.com>
> Sent: Sunday, May 24, 2009 12:46 AM
> To: "Michael Richman" <mrichman@herndoneagleton.com>
> Subject: RealTalk: Re: New Proposed Use of Tax Credit ID00DUKH
>
> Nope, 1billion is 1million x 1thousand... not a million x
> million.
>
> Jeez, this sure is a good thread... I must find time to read all of
> it, and click on all the links.
>
> I wonder how many homes were sold nationwide in the past month, or
> year....
>
> then divide that into the $170billion for AIG et al....
>
> and soon GM again.
>
> Does this absurdity not register with the economists?
>
> Do they not understand that by letting AIG or ANY big corporation
> bite the dust, that another will quickly pop up to fill the
> void?
>
> We could go back to, like the old days, getting home-loans only
> from local banks, which have a vested interest in their
> communities.
>
> We could see some new car-building companies emerge, and probably
> better, given the green generation. And plenty of workforce
> available to them.
>
> For OUR gov't to give that money away is beyond obscene....
> and yet IRS will squeeze every little dollar it can from a family
> (or a Realtor...) making $40K a year.
>
> AIG is an investor... why is our gov't more concerned with
> investors than it's people?
>
> Investors invest.... they know they are taking a risk... if they
> lose, it's on them.
>
> But to take the gov't's money, to shore up the
> investors.... omg, it's too sickening.
>
> Perhaps if they had to literally hand over the CASH, in front of
> TV cameras, they might think twice....
>
> yup, off-track again,
>
> Lindy in Houston
>
> ======================================================================
> To view this post in context, please visit:
> http://www.realtown.com/community/RealTalk/view/00DUKH

Mark Jay,
You are so full of crap. I have never said listing agents should not be allowed to "sell" their brokerage firms listings. All I have said was wrong was this practice is that that listing agents often tell buyers they would "represent" them or "take care of them" on properties their brokerage firm had listed for sale.

Certainly I feel buyers have a better chance of being truly represented by an Exclusive Buyer Agency because of no other reason than an Exclusive Buyer's Agent never tries to change representation mid stream depending on the property being shown, because their brokerage firm never list properties for sale. That my fellow Realtor is a fact of life.

So why don't you just get over it?

Tom Hathaway

Michael, since writing that, about getting home-loans from local banks, like in the old days, I wish I had added that we could also get loans thru some of the credit unions, too.... we have dozens of those (Presuming they still do home-loans... I haven't done one of those in many years.)

I could see that, as you said, making for a smaller marketplace in many small towns, but you're in NewYork, and I'm in Houston, and we have one helluva lotta banks, even when you don't count the BigBoys.

It may seem fanciful, but if AIG were allowed to go belly-up, as it should, and FNMA went broke, it's not all that unlikely that we would be looking to the local lenders... always have a Plan B. :o)

Lindy in Houston

I agree with T.Wayne Rudd comments below that Mark Jay needs to go back and study college Government or Civics -- or History .
And as T.Wayne Rudd said Mark Jay should not even mentioned the topic in this forum.
"" I have to add my "two cents" in here. Mark Jay, I think you need to go back and study your college Government or Civics classes, because you seem to be confusing Socialism, Anarchy, Dictatorship, Communism and Fascism. The United States was formed as a Republic, and is growing further and further away from that, and closer and closer to a socialist FORM of government, under what amounts to a judicial, and, in my opinion, of late an executive, oligarchy. If you can't see that, I'm truly sorry for you, my friend. But you are correct, Somalia isn't socialist, it's anarchist. Having said all of that, is this really the forum for this discussion?"