Saturday, May 21, 2011

National Association of Realtors - They Just Don't Get It!

It seems the real estate industry association leader NAR is at it again.  Time and time again, they push an agenda that seems to promote housing stability, fairness and equality under the auspices of homeownership rights and protection of property values for everyone.  Seems to me it's more about stoking the fire that fuels more sales of homes thereby generating greater commissions for its Realtor(r) members than anything else.  If they truly were about these principles, they would actually stand behind initiatives that bring long-term success to housing, goverment and the economy thereby providing the same to its members.

Their latest push to their huge membership base is for its members to contact Congress and stop their push to require buyers to put 20% down for a home purchase.  Apparently our regulators see that the lax lending standards in the past helped to contribute to a huge housing bubble that crashed and cost so many "good" homeowners, savers and long-term investors their home equity and likely more.  Good for the regulators for trying to fix the problems that lead to instability.  Shame on the association that I'm a member of that seems to be short-sighted and focused more on self-interest policies than anything else.  Come on NAR leaders, rise above any personal agenda and look out for what are truly better ways to bring long-term success for all.