Some folks took risks on buying homes 2-3 years ago with the thought that home prices would continue to increase and they would make off with a good ROI (sometimes with no money down at all). Others took the risk of not buying and possibly seeing the prices of housing running up to a level that those individuals could be priced out of the market forever (like the 1970's steep increases).
Paulson/Bernanke are making it sound like they are alleviating risks took by investors -but this can only be done at the expense of others that took risks (and, should be rewarded accordingly when markets show favor to their strategy). Those that have saved money are being robbed through purposeful devaluation of the currency by those that believe that some folks risk taking is more important than others. This is a long post, *To read the full post, please visit my San Diego real estate blog.
Government Bailout - It's NOT The American Way!
Via San Diego real estate blog San Diego real estate agent:
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3 comments • Judi - SEO for Realtors Search Engine Optimization Software • September 14 2008 10:11PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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