Thanks for your thoughtful comments! I could not agree more. You are a welcomed guest to this blog any time!

Craig

Thanks for your thoughtful comments! I could not agree more. You are a welcomed guest to this blog any time!

Craig

Unfortunately, our world has become one where politicians do what makes them “look good” so they get re-elected, rather than implementing plans and programs that will truly make a difference. This plan makes no sense — they’re going to give $50,000 to someone to help them with closing costs and repairs. They probably don’t have the first clue how to do a $50,000 rehab. And, how do we know that they are going to have the money and time to maintain the property. I’m a firm believer that you need to have skin in the game. If these people have all of the up front cash given to them, then they really aren’t emotionally/financially invested in the property/project.

At the same time, these same community activists would balk at the idea of some professional real estate investors coming in, getting the properties at a discount, and professionally rehabbing them. They might make a profit! We all know that if you make a profit, nothing good can come of it.

And, this is just the local level. Let’s not get started on what the fools in DC are planning.

Vinny Perez
to learn about a real plan: http://www.fairtax.org

Unfortunately, our world has become one where politicians do what makes them “look good” so they get re-elected, rather than implementing plans and programs that will truly make a difference. This plan makes no sense — they’re going to give $50,000 to someone to help them with closing costs and repairs. They probably don’t have the first clue how to do a $50,000 rehab. And, how do we know that they are going to have the money and time to maintain the property. I’m a firm believer that you need to have skin in the game. If these people have all of the up front cash given to them, then they really aren’t emotionally/financially invested in the property/project.

At the same time, these same community activists would balk at the idea of some professional real estate investors coming in, getting the properties at a discount, and professionally rehabbing them. They might make a profit! We all know that if you make a profit, nothing good can come of it.

And, this is just the local level. Let’s not get started on what the fools in DC are planning.

Vinny Perez
to learn about a real plan: http://www.fairtax.org