We have a number of new plans outlined, rolled out, presented, with flourish and fan fare. However the toxic assets plan is now being rolled out for the first time. I wonder what this will mean for our market?
What I think will happen is that the good deals will start to go away. After all if investors along with Uncle Sam buy these things up aren't they going to sell them for more than they paid? So I am thinking this is yet another way for the rich to get richer.. Sorry for the Cynicism.
What it means for regular people is NOW IS THE TIME TO BUY! With interest rates low, inventory high, and good programs out there BUY NOW. You will not see a market like this again in your life time.
Yes, we will have booms and busts. But the government is fundamentally changing the economic landscape. So what future markets hold and where the deals will be is a big Question mark. Contact your local Realtor and take advantage of this great opportunity. Do not be one of those shoulda, coulda, woulda, tragedies.
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Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog
On line at www.allmountainrealty.com Call at 706 579 1098
Move over Charlie. I'm going to join you in the shallow end of the cynic pool. I believe there will be profit making, but that used to be the American way. I don't begrudge anyone from making a profit. It's my hope that buyers will take reasonable risks in terms of mortgage commitments (lenders seem to have decided to reestablish standards), and we can get back to a good, stable market.
I too am concened about the wave of toxic assets that will be coming on line and adding to a great over supply of product.
Agreed, I think now is the time to make the move if someone has been on the fence waiting. I think this is the "Golden Hour" for buyers and I hope they begin to realize for what it is and take the opportunity now as I think the conditions could change quickly and not necessairly for the better.
Charlie, go check out the PENNY MAC stuff, you will see the rich are getting richer and we the people are sucking it up. Round and round it goes, same old same old.
Charlie, I don't think we have hit bottom, but we are awful close and you are right, strike when the iron is hot. There is no better time than the present, it simply may not get much better than this.
Bo
Charlie,
Don't be afraid of the word 'profit'...it's a legitimate part of a healthy capitalistic system...And a healthy capitalistic system even has a way of dealing with 'excess' profits...it's called undue competition...Economics 101....!!! :) Thanks, Fran
Yes sir you keep talkin...
Fran- I am learning that some folks do not like the word profit, especially businesses, just theirs.