Maybe it’s just me, but I can’t help but to think that it’s deja vu all over again.\u00a0 Is it really 1980 again? \u00a0 Congress appears to have stolen a page from the Conservative’s play book – but with a twist.<\/p>\n
It seems trickle-down economics applies as much to government spending as do tax cuts to the rich, yet with the latest infusion of hundreds of billions of dollars poured into the most powerful corporations – America’s largest banks and insurance companies, we have yet to see much of a trickle – less a drop.<\/p>\n
TARP did in fact keep the economy dry.<\/p>\n
Perhaps the irony of it all – to me at least –\u00a0 is that the so-called “Socialists” also see virtue in starting at the top – fork over billions to the most powerful to get the engine running again – the proof is not quite in the pudding pie, Georgie.<\/p>\n
From my perspective, the deluge is starting at the bottom.\u00a0 My email has been flooded with comments from my condo association regarding the complications my neighbors are facing in the sale of their condo.\u00a0 Economic circumstances are hitting very close to home – my neighbors, one of whom is a fellow Realtor – directly below me in my building – is in dire need of selling their home.\u00a0 Our association has a first right of refusal clause which deems FHA financing impossible.\u00a0 My neighbor has been soliciting the board and fellow owners that an amendment in our bylaws is required to make the sale of their home possible to more buyers.<\/p>\n
I was amazed at some of the comments from fellow neighbors concerned about the “quality” of potential buyers who only<\/em> qualify for 3.5% down – I could only chuckle thinking that some existing owners were able to buy with 0% down 3 years ago.\u00a0 Where’s there equity now?<\/p>\n One neighbor argued that we want to prevent a short sale – moreover a foreclosure – from impacting the values of existing homeowners.\u00a0 I’m pretty sure he didn’t read The Chicago Tribune on Sunday<\/a> – there was an article about the substantial increase of foreclosures Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Maybe it’s just me, but I can’t help but to think that it’s deja vu all over again.\u00a0 Is it really 1980 again? \u00a0 Congress appears to have stolen a page from the Conservative’s play book – but with a twist. It seems trickle-down economics applies as much to government spending as do tax cuts […]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,212,29,5],"tags":[],"class_list":{"0":"post-7066","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-flourishing","8":"category-group-therapy","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":16288,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16288\/has-your-town-pissed-away-a-fortune-on-the-so-called-creative-class-bad-news-from-richard-florida-on-close-inspection-talent-clustering-provides-little-in-the-way-of-trickle-down-benef\/","url_meta":{"origin":7066,"position":0},"title":"Has your town pissed away a fortune on the so-called ‘creative class’? Bad news from Richard Florida: \u201cOn close inspection, talent clustering provides little in the way of trickle-down benefits.\u201d","author":"Greg Swann","date":"March 21, 2013","format":false,"excerpt":"Joel Kotkin:Among the most pervasive, and arguably pernicious, notions of the past decade has been that the \u201ccreative class\u201d of the skilled, educated and hip would remake and revive American cities. The idea, packaged and peddled by consultant Richard Florida, had been that unlike spending public money to court Wall\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3136,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3136\/more-bloodhoundblog-unchained-video-the-antediluvian-trickle\/","url_meta":{"origin":7066,"position":1},"title":"More BloodhoundBlog Unchained video: The antediluvian trickle","author":"Greg Swann","date":"May 18, 2008","format":false,"excerpt":"There's a ton more in Unchained clips to come, but here's a quick taste from the work done today by BrokerIPTV.com. To start with, Brian Brady interviews my best-beloved, Cathleen Collins: Russell Shaw put in an appearance and spoke for about 45 minutes. We'll have clips of that later tonight.\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1098,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1098\/money-geek-contest\/","url_meta":{"origin":7066,"position":2},"title":"Money-Geek Contest","author":"Brian Brady","date":"March 1, 2007","format":false,"excerpt":"As an would be Money-Geek, I hosted a little competition. The hounds represented. Michael Cook wrote an analysis of the pricing of real estate \"options\" dismissing a parallel to the Black-Sholes options pricing model in favor of the binomial pricing model (probablity analysis). VERY econo-geeky! I loved it! Greg Swann\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2161,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2161\/the-odysseus-medal-competition-voting-for-the-peoples-choice-award-is-open-5\/","url_meta":{"origin":7066,"position":3},"title":"The Odysseus Medal competition — Voting for the People’s Choice Award is open","author":"Greg Swann","date":"November 4, 2007","format":false,"excerpt":"A dozen-and-a-half nominees, but seven of them are from BloodhoundBlog. We had a great week; there were five more that I had to wince hard and cut. A lot from the news, as usual, plus tools, tips, tricks and techniques and the kind of deep thinking that makes this competition\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17551,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17551\/overnight-news-overnight-transparency-how-the-sausage-gets-made\/","url_meta":{"origin":7066,"position":4},"title":"Overnight News: Overnight transparency: How the sausage gets\u00a0made.","author":"Greg Swann","date":"November 29, 2020","format":false,"excerpt":"I have no non-obvious news, nor apparently does anyone else. That might seem comforting, were the Republic not being rent. It argues, instead, that we are unserious about everything, even incipient civil war. Want some better news? The salary required to pretend to ignore electoral fraud is skyrocketing. Soon only\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1746,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1746\/expect-market-slowdown%e2%80%99s-a-quick-thought-piece-for-the-more-financially-minded\/","url_meta":{"origin":7066,"position":5},"title":"Expect a Market Slowdown: A quick thought piece for the more financially minded…","author":"Cooksquared","date":"August 4, 2007","format":false,"excerpt":"Buyers and sellers should be aware of a general economic slow down in all markets. Everyone will feel the effect of the leverage finance and subprime markets. Since I have been writing about the subprime markets for quite some time, I will focus briefly on the effects of the decline\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7066"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7066\/revisions"}],"predecessor-version":[{"id":7083,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7066\/revisions\/7083"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}