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Old 09-10-2008, 02:41 PM
 
7,125 posts, read 11,732,666 times
Reputation: 2600

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I rec'd a link today in my email from a CLT real estate agent. Part of the message said "buyers have begun to jump off the fence since the bail-out of the Freddie Mac." His quote. Hmmmmmmmm, bailout a couple of days ago and people are "jumping "(??) Link was a CLT news station (i think in the past two nites) Having trouble in linking it for some reason to this post...sorry.
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Old 09-10-2008, 04:30 PM
 
1,177 posts, read 2,244,385 times
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Quote:
Originally Posted by johne482 View Post
I rec'd a link today in my email from a CLT real estate agent. Part of the message said "buyers have begun to jump off the fence since the bail-out of the Freddie Mac." His quote. Hmmmmmmmm, bailout a couple of days ago and people are "jumping "(??) Link was a CLT news station (i think in the past two nites) Having trouble in linking it for some reason to this post...sorry.
Typical realtor hype. Don't buy it.
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Old 09-10-2008, 04:35 PM
 
755 posts, read 2,496,943 times
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http://bestsmileys.com/wink/1.gif (broken link) It's a realtor's wishful thinking.
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Old 09-10-2008, 04:40 PM
 
1,177 posts, read 2,244,385 times
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Quote:
Originally Posted by Weedydidi View Post
It's a realtor's wishful thinking.
Absolutely.

99% of people have no idea what the roles of Fanny and Freddie are in the mortgage business anyway. The bailout isn't going to change anyone's mind because they don't understand how it affects them.
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Old 09-10-2008, 05:03 PM
 
7,125 posts, read 11,732,666 times
Reputation: 2600
Quote:
Originally Posted by amploud View Post
Absolutely.

99% of people have no idea what the roles of Fanny and Freddie are in the mortgage business anyway. The bailout isn't going to change anyone's mind because they don't understand how it affects them.
Yep, kinda my thoughts exactly. It's unfortunate because 99% of the people don't even understand the dynamics of this even if they are not in the market to BUY a house. I need to stop here because this thread will get moved (I think) if I give my viewpoints what government's intervention means to a taxpayer.
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Old 09-11-2008, 07:55 AM
 
Location: Lake Wylie, SC
622 posts, read 1,785,885 times
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What's up. I've been hanging around under the fence for 2 days and no one has jumped into my lap! Am I doing something wrong?
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Old 09-11-2008, 07:57 AM
 
677 posts, read 2,241,604 times
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So that's what that guy was doing yesterday... I just thought he was crazy jumping off that fence...
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Old 09-11-2008, 08:00 AM
 
Location: Huntersville
1,521 posts, read 4,959,289 times
Reputation: 300
John are you talking about this story?

WBTV 3 News, Weather Sports, Traffic, and Programming Guide for Charlotte, NC | Government takeover brings hope to Charlotte

*Disclaimer* I did not send the orig email Just trying ot help John out here!
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Old 09-11-2008, 08:23 AM
 
Location: State of Being
35,879 posts, read 77,636,100 times
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Quote:
Originally Posted by Belmarin View Post
What's up. I've been hanging around under the fence for 2 days and no one has jumped into my lap! Am I doing something wrong?
Hmmmm . . . maybe try a different fence???
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Old 09-11-2008, 10:29 AM
 
Location: Long Island, NY
302 posts, read 963,207 times
Reputation: 92
Realtor hype... If they can convince people to start buying now before its too late and the prices go up again, then others will follow, eventually leading to increased home value due to higher demand. It's the same as the government urging people not to hoard extra money in our countries current economic crisis. They want you to go out and spend as much as possible, which will cause a trickle down effect on the economy and eventually lead to an economic up-swing. So yes what they are saying is BS, and yes they are trying to deceptively create demand for homes, but it also will eventually lead to good things.
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