Roots of the Financial Crisis
December 21, 2008
News about the financial crisis remains in the forefront of media coverage. I try not to listen to the reports every day. It frightens and angers me at the same time.
And yet…
I need and want to stay informed for professional and personal reasons.
Instead of watching and listening to televised coverage, which has inherent biases; I prefer academic explanations. Perhaps I’m fooling myself by thinking neutral tones is an indication of neutral viewpoints.
This morning I watched a video presentation of American Enterprise Institute’s Peter Wallison.
What I find most disconcerting is the well rounded explanations of events leading to the problem do not offer well rounded suggestions for moving out of the problem.
And…
The more I read about how the Fed did not get value for the $1.2 trillion it has purchased in “assets” since October, the more apprehensive I become.
My real estate friends and I have been brushing up on financing options prevalent in the early-1980s:
- Land Contracts
- Promissory Notes
- Lease Options
Seller financing isn’t an option for every transaction, but it can be a win-win situation for buyers and sellers.
Ready to move and don’t know where to turn?
Buying or selling a home should be a good experience, one that makes you feel confident. Call or email today! Talk to someone who cares and understands.
Comments
Got something to say?
Mortgage Calculator
