Grand Rapids Michigan Real Estate Blog

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Is the NAR Proposed Stimulus Plan Helpful to Consumers or Is It Self Serving to our Industry?

 I attended the NAR Convention in Orlando. During the NAR Board of

Directors meeting we were told of a four point program that NAR Leadership

was going to present to Washington. The plan has 4 basic points:

  •  Make the $7,500 tax credit available to all with no payback
  •  Make new loan limits permanent
  •  Government assisted lower interest rates
  •  Keep banks out of Real Estate.

 

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Lots of controversy on the language at the meeting.  In the end after

several attempts to adjust the wording it was passed with the thought that

 no matter how much we tweaked the words we need to allow leadership the

 latitude to bring the message to Washington DC.  It would likely be adjusted

 by both parties during the discussions. Inman News posted a report on the 

proposal Here    Read some of the comments on the Inman article it is quite

interesting.      A lot of differing opinions.

 

Including a short video for you of the NAR Directors Meeting and even better,

the "Peabody Ducks" making their daily pilgrimage to the fountain in the center

 of the hotel lobby. 

 Is there a corollary between the NAR Stimulus Plan and the Peabody Ducks??

 

 

 

 

 

 

 

Grand Rapids Ada Real Estate ~ Westbrook Realty

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the Greater Grand Rapids MI area, and what it is like to live in

West Michigan.  We believe: Grand Rapids is a Great Place to Live!

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Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 7 commentsTerry & Bonnie Westbrook • November 12 2008 10:55AM
Is the NAR Proposed Stimulus Plan Helpful to Consumers or Is It Self…
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I attended the NAR Convention in Orlando. During the NAR Board of Directors meeting we were told of a four point program that NAR Leadership was going to present to Washington. The plan has 4 basic points: Make the $7, 500… more