Wednesday, January 07, 2009

Lawrence Yun Pleads for Real Estate Stimulus

The real estate market has declined dramatically in the last couple of years. With Washington, bailing out various industries, the real estate industry has lined up at the trough, pleading for assistance from Washington.

"A real estate-focused stimulus plan is urgently needed," Lawrence Yun, the trade group's chief economist, said in a statement. (AP 1/6/09)

There is already too much investment and too many subsidies of the real estate market. The government should not approve any real estate focused stimulus plan. The real estate industry has been discredited and cannot be trusted. Mr. Yun should be ashamed of his shameless shilling for the economic pariahs that are the National Association of Realtors.

For more on the Mr. Yun go to Lawrence Yun Watch
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9 comments:

  1. UnknownJanuary 07, 2009 10:25 AM

    Needs a stimulus? The only thing I think it needs is to be taken to the vet and put down.

    In places like Florida and California where there was such massive overbuilding due to specuvestors, it isn't clear what could help. It will be years before things return to "normal" (whatever normal is).

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  2. AnonymousJanuary 07, 2009 11:07 AM

    In a time where the number 1 proble is a glut of unsold inventory, the last thing we need is to give the homebuilders any incentive to build more crap to add to the glut of unsold inventory.

    If there was something targeted to the resale market however, I MAY be more willing to entertain it.

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  3. AnonymousJanuary 07, 2009 3:44 PM

    only thing hurting real estate is a lack of funds. force the banks to start lending the bail out money, put some needed liquidity into the market and it will start improving

    ReplyDelete
  4. AnonymousJanuary 07, 2009 7:18 PM

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    ReplyDelete
  5. robertJanuary 07, 2009 9:11 PM

    Anonymous said...
    only thing hurting real estate is a lack of funds.

    How about the lack of affordability?

    ReplyDelete
  6. AnonymousJanuary 08, 2009 9:42 AM

    What a bunch of whiners! The stimulus being suggested is to help with financing and to get people into all that extra existing housing stock. There's no pleasing some people I guess!

    ReplyDelete
  7. JamesJanuary 09, 2009 9:38 PM

    Anonymous said...
    "What a bunch of whiners!"

    Apparently people who believe in the free market are whiners. Then what would you call the people begging for a bailout?

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  8. AnonymousJanuary 10, 2009 6:31 PM

    If you have good credit and 3.5% down, you can get a home-loan.

    The credit markets are frozen on the commerical side and intra-bank lending, not residential.

    There are still people buying, moving-on with life, and generally having a good time.

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  9. AnonymousFebruary 03, 2009 2:58 PM

    Needs a stimulus? The only thing I think it needs is to be taken to the vet and put down.

    ReplyDelete