September 20th, 2009 11:32 PM by Manuel Couto, CRS, CRB
I know, it's been a while. A long while. About 3 months, right? The market has been very busy. Not just the foreclosure sales, but regular sales. Buyers looking to take advantage of the $8000 tax credit, or to take advantage of the low prices and fantastic interest rates.
I wonder how long this will last? It's almost back to business as normal (as normal as 10 years ago) but the difference is, this economic growth is built on the future of my grandkids. Scary, right? You see, with the Government taking control of so many different companies, and offering the banks 0% interest loans while the banks offer YOU and I 5% loans (a 5% profit from the beginning), the money has to come from somewhere. I heard someone say, the Government.... yes.. Them.. or actually US. The Treasury prints up the money, and doles it out, but it's still YOUR money.
Who knows, maybe it really is the best way to keep us out of the recession.