Lately, I have been getting more and more e-mails from real estate associations and mortgage lenders encouraging me to contact Congress and tell them to bail out (not exactly their words) the mortgage industry. This would be good for the economy, get the banks to start lending again, realtors could sell more houses and we all could live happily ever after. So they say.

Before going any further, let me preface my statements by saying I am a commissioned auctioneer/real estate broker. My business is down just like many of yours. Now with this understanding, is this bailout a good idea?

Why would I want to burden my children’s future with this national debt, a debt the government can never pay back without stealing it from you and me in the form of tax increases? Only if I am selfish and don’t care. It would be like maxing out all my credit cards, pulling out all the equity in my home, leaving all this debt to my children upon my demise, just so I can have a good time in the here and now.

Our government is leading us down the primrose path of socialism, all in the name of “national interest.” It was the mortgage industry, then the brokerage industry, the airline industry and now the auto industry. In fact, many cities across the country want a piece of the bailout out pie.

Where and when will it all stop? Only when you and I speak up and say enough is enough.

For more information on real estate auctions, go to my website at www.canSellnow.com or call me with your questions at 252-257-4822.