Real estate speculators are getting criticised by President Obama and some of them are downright mad about it.
There’s a wild discussion going on over at Boston Real Estate Now and we are able to see it as it glows hotter.
The issue is Fannie Mae, of course.
She’s that wayward lender who is now allowing those of us who actually may be interested to invest in 10 single family homes or condos rather than four.
So, let me get this straight.
Honest hard-working real estate investors are not actually speculators after all, when it comes to helping get rid of properties that are boarded up and wasting away?
And just maybe we may be doing some sort of public service for America?
So why don’t they just give us the tax breaks and let us get to work taking care of tenants, tenant complaints, tenant calls, tenants not paying the rents, Section 8 tenants who won’t move their clunkers, etc…
And did I mention tenant mouse calls?
As always, I love the reader comments and this blog has some real doosies.
More Angry Bloggers
Real estate investors get a spanking – Huntington Homes … – Real estate speculators were smacked down by the president yesterday. And they are not happy about it. “The plan I’m announcing focuses on rescuing families who have played by the rules and acted responsibly,” President Obama said. …
Real Estate Blog – CNBC’s Diana Olick on Real Estate Investors – I have written before about the difference between real estate investors and speculators. But every now and then it is nice to have your opinion vindicated by somebody else. In this case it is CNBC’s Diana Olick when she made a recent …
Mr. Obama: Not All Real Estate Investors Are Irresponsible … – I’d like to know when exactly, on what day in particular as the housing market crashed down around us, that everyone decided the real estate investor was the villain? … In the big game of blame, the pundits and the politicians all claim that it was those nasty lenders and those nasty “speculators” (yup, had to give investors a new nickname to make them seem even more evil) were scheming, conniving and colluding to pump up the housing market until it inevitably burst. …