I have been listening as I’m sure many of you have, to the pro’s and con’s of a government bailout. I don’t know, as I’m sure many of you don’t know, what is the correct thing to do. I know that in many cases suffering the consequences of bad decision making can be difficult during the initial correction period, but that suffering is also a very effective educational process in terms of future decision making. That said, I also know that sometimes it is prudent to “lend a helping hand”. The unfortunate part of all this to me is that, at least for me, I don’t have a lot of trust in those people making these “bailout” decisions. I don’t necessarily feel like our leaders have the country’s best interests at heart unless they happen to align with their own personal, selfish interests. So, I don’t know who is right and who is wrong. Some say that there is enough private money out there to effect a “bailout”. I don’t understand the mechanism of how it all works, but I do know that if credit severely dries up and individuals and businesses can’t get loans, the economy as a whole, will shorty follow suit, that is, dry up. I know that for me to be successful as a real estate practitioner, people must be able to get loans to buy the real estate that I am marketing. I have no qualms about them needing to absolutely qualify for the loan, but there needs to be money available when they do. I guess I’ll just pray and hope for the best.
