So What do you think about The OBama/McCain Debate and Real Estate

I personally think the Debate was a Tie! Depending upon which news channel you listen to, Obama won.

As for Real Estate and how it will be affected by who our next president is, I have to go with McCain. I think Obama wants more and more for the lower and middle class and that is what got us into this problem in the first place, forcing the lending institutions to give loans to those who really could not afford to pay the monthly payments. Sure there are lots of other issues that come into play here, like fraudulent lending, appraising, borrowing, etc. but we need to get back to basics, like proving you can pay the debt back to the bank and strong oversight of these large organiations who did what they pleased and raked in the big bucks while millions were losing their homes.

I am a firm believer that you do what it takes to get by and not wait for the Government to bail you out and McCain while having to go along with this Bail Out, wants certain stips that will ensure that we are never here again and that the CEO's don't get rich over the deal.

With all that being said here is what I really think should happen, divide $700 billion among the voting public in the USA and this will end our financial crisis almost over night. Someone figured this out, you may have seen it floating around the Internet. If every 18+ year old in the USA (legal citizens) were paid from this pot of money AND we gave back a certain percentage to the Government in Taxes, we would each get somewhere in the neighborhood of $250,000. Now that is wise use of OUR tax money don't you think?

So who do you think will be better for the Real Estate Profession and Why? Weigh in if you Dare.

Have a great weekend everyone!