RE/MAX chairman: How about housing?

 Dave Liniger, co-founder and chairman of RE/MAX, issued an open letter to President Obama and Governor Romney expressing disappointment that greater attention has not been devoted to discussing housing issues during the presidential election.

"As leaders, you ignore housing at our peril,"

what do you think?
  • October 29 2012 - Rio Vista
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Answers (6)

since the implementation of HAMP and HARP and HARP 2 they may be at a loss for words

fhfa report
  • October 29 2012
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Yes - it's sad that they are not doing more so that commissions can be obtained rather than earned.
  • October 29 2012
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"Rather than predicting an ominous decline in the housing market, Liniger feels that 2006 will only see a moderate correction." ReMax Press release

Mr. Liniger was so wrong in 2005 that no one should listen too much what he has to say. He may be mourning the loss of the boom and his profits, but what the industry should be focusing on is a return to a healthy market not an artificial government sponsored return to their own profitability. 
  • October 30 2012
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Real Estate markets always come back - it always seems to take much longer than we want it to. Now is the time to buy! What more could a buyer want ???Interest rates as low as we've seen in the last 50 years and prices 30%-40%-50% less than they were in 2005. These are the kinds of things we need to concentrate on as a real estate professionals! imho
  • November 06 2012
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"Real Estate markets always come back ..."

Back to what? Back to bubble highs where unqualified buyers were allowed to speculate with interest only loans. Those days are gone. The market must be supported by responsible borrowing. Unless those pie in the sky buyers can qualify with no job again, the market will not return to the bubble highs for decades upon decades of normal appreciation.

Prices in Temecula in 2005 were bubble values that were unsupportable. Even using them in a sentence to describe "value" is ridiculous. Buyers should focus on finding value today based on employment and normal appreciation not chasing yesterday's bubble.
  • November 06 2012
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Sunnyview,

I agree with you...2005 was the bubble merely stating the facts!
  • November 06 2012
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