Here's a little going away speech from Dick Gaylord. It's about fishing.... errrrr... real estate... errrrr... fishing... Well, it's about something.
Exactly why is the NAR going to fight the reduction in the FHA loan limit? People CANNOT afford those prices. The prices MUST, and will, come down.
And he says we need a third economic stimulus bill to help the economy. Here is what I think we need:
- elimination of the self-entitlement attitude
- stop the wallstreet criminals
- return to the gold standard?
I'm sure this isn't all it'll take, but it's a start.
2008-11-07: Challenging Market Focus Of Speech
You can’t catch any fish if you don’t go fishing. Sometimes you just catch little fish, sometimes you don’t catch any fish, but sometimes you catch a big fish. You can’t do that if you’re not fishing.”
Gaylord talked about the lobbying power of the 1.3 million-member NAR, pointing out that the group was instrumental in getting a housing component into the economic incentive package. One of the largest changes was increasing the limit the FHA would loan to $729,000, up from less than $500,000. That limit is set to go back down to $625,000 next year, and the NAR is fighting to avoid that drop, Gaylord said.
“We have to remember, and remind our leaders, that real estate is what is going to bring this economy back. We need a third economic stimulus bill to get money to lenders. And we have to work to make that happen.”