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Home builders to government: gimme, gimme, gimme | Main | Realtors: appraise thyself ยป
A new bill in Congress asks the federal government to buy homes whose owners have over-borrowed. Why does it seem like every one of these proposed bailouts actually rewards irresponsibility and offers backhanded relief to speculators?
 (Un)Real Estate offers a peek at the housing market usually reserved for insiders. While it focuses on the Tampa Bay area, it won't neglect dipping
into the rest of Florida and beyond. Its goal? Simple: To help you keep a roof over your head without losing your shirt.Times business reporter James Thorner has covered the Tampa Bay area housing market since 1999 and writes a weekly column on the topic in the St. Petersburg Times. Having recently bought and sold a house here, Thorner has shown his insights are more than theory. He's got the burn marks to prove it. E-mail James Thorner: jthorner@sptimes.com. |
Wall Street, big business and the investor/speculator have always expected the goverment to bail them out of their financial mistakes.
Bailouts only cost the taxpayer more money and it only leads to more financial fraud because nobody is held accountable. In fact any bailout at this point would only delay the inevitable and prolong the housing downturn.
The housing market must correct on it's own and the investor/speculator must be held accountable for their decisions.
Posted by: Fuzzy Bear | February 29, 2008 at 12:58 PM
fuzzy to a degree you are right, but to a larger degree you are wrong. how many millions of people in this state and country rely on investors in single family homes and multifamily properties for good affordable housing? It is obvious that we do not have a pure RE market in FL since RE taxes are constrained by SOH and therefore unequally applied. so now what, we are all idiots for investing in real estate? give me a break. that is just dumb. speculation is something completely different thus making your statement a hasty generalization. hey..let's just throw everyone out to the street so fuzzy can say he was right.
Posted by: | February 29, 2008 at 02:08 PM