"It's just the buyer pool is so low," [Prudential real estate agent Valerie Morrill] lamented. "Eighteen months ago, you needed $500 to buy a house." Now, all the special rates and government programs are gone, leaving buyers facing a 10 percent down payment. "You have to have money and nobody has money." (link)
I think, honey, that "buying" houses without money, through lenders afflicted with optimism and greed, is what forced many billions of dollars (provided from federal income taxes) to be used on a bailout of AIG, Fannie, and Freddie. Real estate agents fit into this moral mess somewhere, too.
I think, honey, that "buying" houses without money, through lenders afflicted with optimism and greed, is what forced many billions of dollars (provided from federal income taxes) to be used on a bailout of AIG, Fannie, and Freddie. Real estate agents fit into this moral mess somewhere, too.
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