Comments on: Bank of America Offering Cities First Crack at Foreclosures

By: junior

junior — Wed, 01 Jul 2009 23:30:23 +0000

The real estate business is very lucrative if you are in the correction position. While it is down now but it certainly will turn around. The smart people will be ready.

By: Esko Kiuru

Esko Kiuru — Sun, 28 Jun 2009 16:18:04 +0000

If we look for an efficient way to get this housing chaos resolved promptly the government should play a minor role in it. It should provide direction but stay out of the operations because it just isn't cut out for it. Simplified, its mission is largely generating laws and enforcing them.

By: Real Estate Internet

Real Estate Internet — Sat, 27 Jun 2009 00:19:40 +0000

Real estate is one of the most profitable business and it has been a good source of income for others, But as we all know we are experiencing a global recession, and this industry has been pulled down.

By: Tom Royce

Tom Royce — Fri, 26 Jun 2009 15:37:20 +0000

Disagee with me all you want, that is how we learn and grow. If I was always right things would be a mess, that is for sure.

One of my rules of life is whenever the government gets involved it opens up the laws of unintended consequences. Rarely does the initial intent, or broadcasted intent, of the action occur, but rather some expense and corrupt situation.

I do not trust government, never have and probably never will. I respect it, but in the terms of a viper. That is why our system has worked so well, power has devolved from the people, not the government. The past few years have seen that shift, and it causes me to make posts like the one above.

By: Bank of America Offering Cities First Crack at Foreclosures : The … | reoliveTV.com

Fri, 26 Jun 2009 15:11:57 +0000

[...] See the rest here: Bank of America Offering Cities First Crack at Foreclosures : The … [...]

By: Portland Real Estate

Portland Real Estate — Fri, 26 Jun 2009 14:44:48 +0000

I am going to have to disagree with this respectfully. Although a free market is the wisest and most effective method in almost every case, sometimes a regulated paradigm shift has to happen. For example, the last housing boom. The free market allowed millions of inefficient shoddy homes to be built (McMansions) in a short period of time. This was all for profit and personal gain with zero thought into the future economic and environmental impacts. Sometimes the government needs to carefully craft a new direction, because the free market is too self serving to get the job done in this particular case.

By: Tony Arko

Tony Arko — Fri, 26 Jun 2009 08:25:12 +0000

If this deal scares you, you must be terrified of the deal that Goldman Sachs has with the US Government. They provide government officials to run things like Treasury departments, fed banks and many other agencies that control the $13Trillion in bailouts already doled out or earmarked. And in return, they funnel the money back to Goldman and Goldman sets new earnings records in the middle of the biggest depression since 1930. Now that is scary.