Palm Beach Real Estate and Loans

While the original plan was knocked down by both Democrats AND Republicans, the revised plan passed both the House of Representatives and the Senate last Friday with the President quickly sigining the Bill into Law.

I've never seen so many disparate opinions on a topic - no one seemed to agree on what exactly should be done, but there was agreement that SOMETHING needed to be done - and quickly.

If nothing else, the plan should help to restore some level of confidence in the Market that has not been present in quite some time.

People that are concerned about lending need to realize that truly qualified clients never had a problem getting financing and they still don't.

The problem at the root of all of this was the crazy amount of Sub-Prime lending that was going on in this country for so many years - people that could never possibly pay back a loan were being given money without a second thought!  It was never a question of IF things will fall apart, just WHEN.

We dug a BIG hole for ourselves this time - I've never been one for more government control, but we simply can't fall back into ridiculous lending practices again. 

Before I really start to go off on a tangent I think I'll sign off for today-