Oooooh - this one is loaded!
Please, folks, no political, evangelical, or red-state-versus-blue-state tirades here.
But now, bearing unforeseen circumstances, we're down to one of three 2008 Presidential Candidates that will be the Leader of the Free World this time next year.
Which Presidential candidate, if elected, would be the best friend to Homeowners? To Real Estate Investors? To we Real Estate Practitioners?
Or, does it really make a difference? Is this a situation far too big for any one new president, with his or her Team, to tackle within the coming few years?
John McCain, best I can tell, hasn't really promised much of anything here. Hillary Clinton has proposed a 90 day moratorium on foreclosures, and a five-year interest rate freeze. Barack Obama - a government fund to help homeowners avoid foreclosure, and a tax credit for lower-income homeowners.
Any of these "the steak," or are they all "the sauce." And, BTW, what would John McCain do?
Would any of these three esteemed candidates, in this upcoming historic election, do, or be able to do, something so different, so radical, so immediate, that it can, in short order, turn the tide on the sub-prime crisis, the mortgage meltdown, and the housing doldrums we're experiencing - here in Chicago, and elsewhere in the US?
And would it last?
Ten months and a few days from now, a new President of the United States (POTUS) will be in the White House. Eight months from now, we'll know who that individual is (we hope, assuming "chad mayhem" is ancient history).
Will things be better off - worse off - or just about the same?
Again, please stay away from any political slams here. OK? Thanks!
Appreciate your shares!
DEAN & DEAN'S TEAM CHICAGO
The real estate market like all things will correct itself. We have been here before and we will again. The correction however will not begin from some stimulus package.
The main problem today is best illustrated by the following example. :
We are like a pack of dog's that have been beaten for the past 8 years. If you keep beating that dog he won't hunt.
When the dog's new master nutures and encourages the dog with out repetitve beatings the dog begins to show new life. Before you know it the Dog is hunting and living life to the fullest.
Soon to follow will be other abused animals until all is right with the world.
McCain has no plan because he thinks nothing is wrong.
Hillary's plan will take effect if she can get it to take effect after it is to late. Most people will have already lost their homes by 2009.
It is all about the Hope!
No one will know until we get the new POTUS. And besides how many of them have you ever seen make good on their promises and platforms.
Damn the Dynasties (Present or Future) Bring on the change!
Oh BTW, the housing quagmire will work itself out best without government intervention. IMO