Is it ever going to end? This week we have been dealt another blow to our income in the real estate profession. Fannie Maie via their Asset Manager Chase placed all transactions on hold – even the ones with contracts and fully approved buyers. There is no indication when the properties will be made available for purchase.
Some of the properties have been vacant for years. Would it not make sense to at least sell these. The seller has moved on.
We definitely need officials in our government that have owned a business at some point in their career. If all you have ever had is an employee position, you come and go and do your job and receive a regular paycheck.
Does government have the ability to understand what personal sacrifice it takes to keep a small business in business in this market? There is no way to know how many unemployed real estate professionals there are – as an independent contractor, they are not eligible to collect unemployment. The numbers that are published are definitely not accurate.
Another blow to the real estate industry
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