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Life after a failed bailout

Real estate question of the day

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Editor's note: The following is a collection of real estate professionals' responses to a real estate-related question.QUESTION: What will happen to the U.S. economy and the housing market if Congress does not approve the proposed bailout plan?Kevin TomlinsonRealtorEWM RealtorsMiami Beach, Fla.For the first time, many people have expressed that they are "scared."If something isn't done, the economy could come to a screeching halt because there is no liquidity in the market. No money to lend will freeze up the economy. Property values have come down tremendously in the last three years, but that isn't such good news if mortgages are virtually impossible to get. Additionally, even when this crisis is over, there will still be so much fear in the air that it will take time. Carol CroderRealtorColdwell BankerDavis, Calif.The U.S. economy will really suffer in ways that are hard for us to imagine. We are so used to credit being available that we can't imagine life without it....