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When will this end...

The craziness never seems to end in this Real Estate market. The government has come out with nothing but failure programs; the consumers- be it buyers or sellers- everyone is under duress; the Realtors are playing scammy games; lenders want to make your life so difficult.... When is this going to End???

There definitely seems to be no respite. I could rant for hours on all the garbage inundating our industry but it is going to do no good. America is on a fire sale and we are getting bought out by other countries. Who do you think is buying in this market? Look around you and you will know.

The new Refinance program the Obama administration is coming out is yet another failure. Why help only those who have their loans backed by Fannie? There are millions of people who do not have loans backed by Fannie and Freddie, what happens to them? They cannot refinance their homes and the deluge of short sales or foreclosures will still continue. Why pretend that they are introducing this new program ( to get votes)when it is not going to stop the systemic bleeding?

Many( not all) Real Estate practitioners are making life so difficult and there is no one to control or police our fraternity. The filthy underhand deals going on is unbelievable. Especially in short sales where the sellers do not care, the agents are running schemes to get money under the table for themselves and the sellers, and cheating the system as much as they can. MLS rules are being contorted and manipulated to suit their own needs. If they are reported, the Boards turn a blind eye because they need the revenue. No wonder people think that we are the scum of the earth ! Living an honest life in a dishonest world is the new name for stupidity.

And the Lending institutions are equally insane. Bank of America came out with new rules that the files go through multiple audits, then go back to the underwriters for another 48 hours before they go to docs. So if you are getting a loan from BofA, you better get ready to jump off a bridge if you are planning to close a loan in time !! A- paper borrowers are being put through the rigors like they are criminals.And the real criminals- The banks- pocketed our money and are mocking us on how we got duped into helping them.

Here we are struggling to sell homes and the consumers think our lives are so easy and we make tons of money in commissions but they don't realise that the amount of work and struggle going into taking them from start to finish is unbelievably stressful. And not to forget the legal pitfalls and consumer protection that we have to take care of. I tell my clients- step into my shoes for a week, and I guarantee you will start to love your current job. BTW- I did get Diabetes and High blood pressure by being in this business!

My mind is running at a million miles an hour right now because I so want to spill my guts on this white screen but the backlash will not be pretty. So I swallow a container of bitter pills, hunker down and continue to work hard in the hope that one day the environment will change; people will be more respectful; our work lives will not be as stressful and this country will be able to pick itself from the pits it's in right now. It is just so amazing to see this amazing country slip from being the land of opportunities, where people were courteous/respectful and happy TO the bottomless pit of despair. I pray that we will get a chance to see the good times again.

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Posted Thursday Sep 15