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(English) Let’s Get Chicken Little

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10 comentarios
  1. Pete Sambets
    Pete Sambets Dice:

    Sadly, I think we all are letting this perception become reality. Negative news takes front page headlines. Good and encouraging news is buried in the middle of the paper, unless there is someone trying to take the credit. And, that seems to be the problem. With the exception of REALTORS, and those in related businesses (of course, because WE have an interest, our information is slanted!), we don’t see enough done to promote home ownership, and how that will help to strengthen the economy. With hindsight being 20/20, we now know the banking bail-out did little to spur the economy. The banks did not ease lending requirements, and instead it seems continued finger pointing at mortgage lending has left loan officers afraid to sign off on anything! I feel that if the state and federal government don’t get on board, and soon, then perhaps the sky will fall. And when out of necessity, and hopefully not too late, our leaders finally offer a sensible plan to help and promote home ownership, there will be headlines to grab!

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  2. David Mott
    David Mott Dice:

    The appraisal process *along with LARA (http://appraisersforum.com/showthread.php?p=1757354)* is broken.

    When the MLS alone is used to determine the value of a property, and the MLS is full of short sales and foreclosures, it’s safe to assume that there is no bottom to the market (in some areas).

    Outside of that…

    The main boogie man is actually your next door neighbor that refinanced their bubble priced home, took the equity and paid cash for a second home, a big RV, a new boat or car, (or just took the cash), and then turned over the keys of the original collateral to the bank. It’s no different than insurance fraud to me, but then – I’m naive.

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  3. Ryan
    Ryan Dice:

    The only comment I would make is we need to get government out of the way and let true market forces take over. Government manipulation of markets has got to stop. If we want home ownership to be the cornerstone of the «American Dream» we have to quit making it an entitlement. Larger down payments and credit scores to start. If people have more skin in the game they aren’t going to cut and run as fast, leaving the tax payers to pay the bill.
    The government has no place in the real estate industry period.

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  4. Nathan Hosier
    Nathan Hosier Dice:

    We in the Real Estate professions have an inside joke about the consumer that would rather take advice from a friend who is a Sailor or a neighbor who is a nurse about what to do concerning the purchase or sale of their home. I can’t tell you how many times I’ve had to field questions or conduct damage control based on what «my buddy Jim» said about how prices will come down even more and we should hold out for a better price.
    The fact that everyone has an opinion (and unfortunately, advice) makes problems worse than they have to be. When «Chicken Little» runs around screaming about the sky falling, he puts everyone in a panic and nothing gets accomplished.
    My nagging question is: How do we silence, or at least turn down the volume on, the doom and gloomers who prevent the process from moving forward? An even better one: Why are people more willing to take advice from friends and neighbors rather than an industry expert?

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  5. Carol
    Carol Dice:

    People are probably suspicious of what realtors say because you have a vested interest in selling property. That being said, if my husband and I weren’t both out of work, I would love to buy some property for investment, as this is the best buyers market that I have ever seen. People with money to invest should definitely buy property!!!!

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