'Let's not get fooled again'
Inman Community brief
By Inman News, Tuesday, September 30, 2008.Editor's note: The following is a reader comment made on the Sept. 26 Inman News column, "Bailout incites 'grassroots rage.'"
"I cannot help but wonder ... is this a false alarm -- 'The sky is falling...the sky is falling'? People are hurting. They have lost their financial security, and that is terrible. I resist the urge to pull out my tiny violins at the plight of mega-business as I watch it crumble to the ground, exposing its thefts and secret deals that made it a mega-business at my expense. But I know that I have been on top in my life, and also have hit the bottom. And I still am here to talk about it. Regardless of my own rise and fall, nobody has yet figured out how to kick me off the planet. I'm guessing it's the same for others.
"Markets will recover. And we do no favors to ourselves and our future to run around like Chicken Little, making big plans conceived in 15 minutes, whose effects will be felt for decades.
"Let us reason ... let us think these things through, rather than give in to the pressure to produce a perfect solution in three days. What generally happens when salespeople sweat you for three hours -- with a "once in a lifetime" deal -- and you walk away? They call you back the next day, and miraculously, against all odds ... they are ready to do "one better" than the deal they offered you yesterday. Let's not get fooled again." --Jeri Creson
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Submitted by Lori Bee , NC/SC Broker on September 30, 2008 - 9:23am.
I don't think I want to be "chicken little" but I also don't want to be the Ostrich, sticking my head in the sand, ignoring the signs of the times.
Maybe just prefer to be a Proud Peacock who screams my way to the top. "Buy! Buy! Buy! Thru Me!" LOL.
Hanging in there, but making plans to adapt... that's the route for me.
Lori Bee
Bee Realty
Submitted by Margie OCampo de Castillo on September 30, 2008 - 10:47pm.
In a perfect world the folks in Washington would be writing a bailout plan that REQUIRED banks to lower and fix adjustable rates and renegotiate mortgages so the homeowner could avoid losing their home. If the Banks don’t want to write all the loans off they could put a silent second that provides for the bank to be paid back the silent second if & when the homeowner sells and has proceeds over and above the silent second. This model would not work for everyone facing foreclosure, so other homeowners, the banks could do a five year lease with option to buy. Think of the positive impact this would have on neighborhoods facing the blight and crime of abandoned homes today!
Instead we have the very picture of lifeguards rescuing the sharks while people are left bleeding and dying in the water. Doesn’t this “hurry up and approve this Emergency Bailout” rhetoric remind you of the “we must go to war because there are weapons of mass destruction...” line we fell for? If this bailout plan passes know for certain that “We the People”, have been sold out!
As individuals we can never compete with the deep campaign contributing pockets of the special interest groups, but come time to vote we can sound out and clean house. The sell-outs will no doubt stand out notably and we should not forget who they are. Let's take our privilege to vote and seriously consider replacing the old guard with folks who respect and hold sacred their pledge to serve "We the People".
Submitted by Richard Alex on October 1, 2008 - 1:12pm.
Has anyone asked themselves WHY should we vote YES on the BAILOUT?
My answer to that is easy, it's the greed of every member of Congress that has money invested in the Stock Market and want to be bailed out.
Not the average person on the street. Members of Congress don't give a damn about you and me, they only want another FREE Ride on the struggling citizens, who cannot meet their own current abligations.
I won't even touch on Social Security subject....
LET THE CHIPS FALL WHERE THEY MAY AND LET'S START OVER FRESH and vote out anyone in congress that voted yes to the bailout., and don't be afraid to voice your opinion.