My New Blog

No matter where each one of us stands opinion wise on this bailout, when it comes to the real estate market we should all be concerned with a potential lack of credit.  If lenders are not willing or capable of loaning money to you the consumer, then there will be less buyers who can get mortgages.  With less buyers or demand, then supply will increase or the supply will have to lower their prices to increase the demand, which is simple economics.  With the potential passage of this bill, hopefully the credit market will be opened up a little more.

The reason we got into this primarily is because of greed and people getting loans that probably shouldn't have.  If you have good credit, a good and stable job and some savings, you will still be fine when getting a mortgage and your options as far as housing is concerned are very attractive.