Check out this goofy article about the NAR going to D.C. to “inspire legislators and public policy to stabilize the real estate market and spur economic recovery”. I mean, do these guys think that they are the first one’s to bring this up? Like a light bulb went off somewhere?
No, of course they don’t. The NAR just wants to emphasize the key role that real estate plays in recovery. As if congress wasn’t aware of that. But they are forgetting some main tenants like consumer confidence, lending, existing policy, and higher financing mechanisms.
Congress is handing out cash for new homes. Interest rates are at 40 year lows. What does the NAR want? Almost any agent can tell you of a time when they felt bad participating in sale to someone they new was over leveraging.
You know what I hate? Overarching organizations who create words and then copyright their usage. Organizations that elephant into a creature with dollar signs in their eyes and weild autonomous power over industry. Organizations that create reasons for themselves to be worthwhile.
