Real estate is a business of relationships and information. We must be able to support our ideas with data.
I work for a title company that understands the importance of real estate ownership and value to the profession.
Lisa A.F. Schultz Sales Manager Pacific Northwest Title In a perfect world this would be wonderful. Great insight. I speak with people weekly asking me what their clients should do? I teach escrow and title classes about short sales, foreclosure and the it is a constant cry from the real estate professionals. Except for the one or two who say. If all the banks would agree to this where am I going to get my short sale listings? This is a tongue and cheek comment. A solution like this would improve consumer confidence, spur more buying, people would not be worried about future value. But the banks would not be making 6-8% on their 2006 loans who are underwater.
The market is ripe for investors WHEN they can get financing. I agree with David and love his ideas on capital gains, tax incentive for the investor. I am a small investor who would love to be in this market. But with the lending restrictions of at least 30% down, 1 1/2-2 pts% above the current rate and zero credit for rent. The banks are making it impossible for someone like me who buys small cash flow, buy and holds to be in the game. I think we need to quit blaming the investor. Lets not blame anyone and get people in homes, renters in nice homes and loans that banks can count on being paid back. Well done on your points David I wish we had someone like you fighting for us little folks.
