What does the new plan for housing mean for the Market ? Plain Advice
By Charlie Ragonesi, Homes - Big Canoe, Jasper, North Georgia Pros
(AllMountainRealty.com)
We have a number of new plans outlined, rolled out, presented, with flourish and fan fare. However the toxic assets plan is now being rolled out for the first time. I wonder what this will mean for our market? What I think will happen is that the good deals will start to go away. After all if investors along with Uncle Sam buy these things up aren't they going to sell them for more than they paid? So I am thinking this is yet another way for the rich to get richer.. Sorry for the Cynicism. What it means for regular people is NOW IS THE TIME TO BUY! With interest rates low, inventory high, and good programs out there BUY NOW. You will not see a market like this again in your life time. Yes, we will have booms and busts. But the government is fundamentally changing the economic landscape....
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