Mortgage & Loan: The Controllers

"Someday - and that day may never come - I'll call upon you to do a service for me...."

The Consumer Federation of America has declared war on the NAR. I can't tell you how great it is to see something like this in major media. Every blow struck in favor of alternative listing services, FSBOs, and the like is a victory for home owners, home buyers, and everyone else who wants to control the biggest financial transaction of their lives. Realtors can benefit from this as well...when all of the fakes, charlatans, and scumbags are cleared out of the market, the good ones will be able to flourish without having the negative stereotype hanging over them.

Of course, for there to be buyers and brokers, there has to be a market, and right now things aren't looking so good. But perhaps the financial pain we're about to go through will help push out everyone who thought flipping overpriced condos and fixer-uppers was the true and holy path to riches. It had best be the case, because otherwise things're looking gloomier by the moment.

Donald Kohn is the latest appointee to the Federal Reserve. Note the heavy emphasis on "containing inflation," even at the risk of a "slowing economy." I don't suppose they're really paying any serious attention to the growing tales of ph3r and loathing in the housing market...

Posted at June 19, 2006 05:51 PM

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"Someday - and that day may never come - I'll call upon you to do a service for me...." The Consumer Federation of America has declared war on the NAR. I can't tell you how great it is to see something like this in major media. Every blow struck in favor of alternative listing services, FSBOs, and the like is a victory for home owners, home buyers, and everyone else who wants to control the biggest financial transaction of their lives. Realtors can benefit from this as well...when all of the fakes, charlatans, and scumbags are cleared out of the market, the good ones will be able to flourish without having the negative stereotype hanging over them. Of course, for there to be buyers and brokers, there has to be a market, and right now things aren't looking so good. But perhaps the financial pain we're about to go through will help push out everyone who thought flipping overpriced condos and fixer-uppers was the true and holy path to riches. It had best be the case, because otherwise things're looking gloomier by the moment. Donald Kohn is the latest appointee to the Federal Reserve. Note the heavy emphasis on "containing inflation," even at the risk of a "slowing economy." I don't suppose they're really paying any serious attention to the growing tales of ph3r and loathing in the housing market...