NAR Propaganda and LIES Posted By Charles McMillan - Crystal Cox Broker Owner Says Look Deeper - NAR does NOT want to Hear from you...
"Give Credit Where It’s Due, Posted By Charles
According to NAR research, the percentage of first-time homebuyers has risen from roughly one-third of all buyers in January to just under half in March and April. Why the sudden jump??
The answer is simple: those buyers have an $8,000 incentive, in the form of a tax credit, to buy now.
We’ve heard from a lot of members lately who would like to see the tax credit expanded.
I recently asked our Chief Economist Lawrence Yun what the impact on the market would be if Congress extended the credit through 2010 and offered it to all homebuyers. According to Lawrence, those changes could result in 800,000 additional home sales this year, raising the total from 5.4 million to 6.2 million. That would certainly take a big bite out of inventory and help stabilize prices.
And, that’s not all…
When you consider that for each home sold in the United States $62,000 is pumped into the national economy, the resulting impact of expanding the credit could be nearly $50 billion. That’s what I call a true economic stimulus!
NAR is working with members of Congress
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to introduce legislation
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that would expand and extend the credit. We will keep you posted on those efforts in the months ahead.
In the meantime, we would love to hear your stories about how the tax credit is helping consumers in your local markets. Post your experiences right here on the Voices of Real Estate blog, and we’ll share them with lawmakers. Help us tell Congress to give credit where it is due – to ALL homebuyers. – Charles McMillan, 2009 NAR President "
http://narblog1.realtors.org/mvtype/president/charles_mcmillan/
Do you think that this $8000 Credit for first time homeowners is a big deal? Well it sure did bump up SALES, according to Charles McMillan, so it MUST be good. Sure is a GOOD thing that NAR lobbyed / advises ... blah .. blah ... blah.. to get this one in to "stimulate the economy". Translation $8000 is NOTHING, seriously NOTHING, if a mortgage broker is involved that will barely pay the Lending and Mortgage Broker fees of a no money down loan. But that s the point right, just enough to get them in, to pay those PROFESSIONALS and too stimulate the Economy.
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$8000 will not make a down payment, but who cares it gets you in... then the Seller can pay the Realtors 6% so say around $18,000 on a $300,000 Home. Yee Haw, the Realtor gets a big fat pay check. The BUYER gets into another Greedy Grubbing Bad Loan where almost one hundred percent of their monthly mortgage payment goest toward interest and is money to the banker, to the mortgage broker, to the lender and this HUGE debt is an ASSET on the BOOKS of the lender and they can actually use this asset to trade, to get loans, to juggle really BIG money on your DIME... and for decades or until SORRY you lose your HOME.
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Don't let anyone kid you, Realtors want this CRAZY incentive to get them back in the full swing of Selling You Real Estate. You know as well as I do that $8000 won't get you far, but it sure does get a Cha - Ching for a Realtor somewhere.
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This is ONLY to benefit Realtors and buyers may feel great at first, wheeee WE got a home but that will wear off and you will have to sell and the Handy Dandy Realtor will be there to MAKE MONEY again and again off you SITUATION... they GOT YOU IN...
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The Cycle Continues.. this Year Charles McMillan at the Helm...
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NAR working with Congress to CREATE Legislations... Worry Folks, Real Estate Consumers Rise up and Tell NAR to get OUT of your Business. NAR "works" with Congress on what is Good for NAR not for you... unless you just happen to benefit from something they do, it is NOT the PRIMARY goal.... they are Realtors, they are an ASSOCIATION, me as a Real Estate Broker supposedly get to CHOOSE whether I am a Realtor or NOT ... yet NAR - gets to be the Voice Of Real Estate Lobbying, Working with, Advising your Government on what is best for you...
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If NAR cannot even uphold the bylaws, member rules, codes, ethics, standard of practices and other Lying Promises they make to us as Realtors and we in turn Make to Real Estate Consumers then Fire NAR... don't let them work with congress on your behalf.
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Is Congress foolish, did they not see the mass NAR "Agenda" of Buy - Buy - Buy all the while media everywhere talked of an ecoonmy collapse, talked of the secondary market and how bad it really was and yet Realtors said to BUY.. now they are involved with, WORKING WITH CONGRESS, to see what else they can take from the Real Estate Consumer.... who Will STOP NAR ? My guess is no one.
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And you will continue to SUFFER every day for the NAR's lack of holding Realtors accountable for what they do that Takes Your Life as You know it Away Forever while they get to keep on making money at real estate, get away with fraud - lies and deception years on end and NO one is watching. Guess NAR is too busy WORKING WITH CONGRESS to give a Rats Patoot about what is Going on in the Real World of Real Estate that Really affects YOUR LIFE... whatever as long as NAR stays in Business and I mean VERY - very BIG Business.
Posted by the
Real Estate Industry Whistleblower
Crystal L. Cox
Broker Owner
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