More Real Estate Legislation, Good or Bad?
You all know that a large part of the current real estate bubble explosition is that appraisiers where over inflating property values because of pressure from mortgage brokers and homeowners to hit their numbers. Washington now wants to ennact new legislation that would put a lot more laws and guidlines to restrict such activity. There is no doubt something has to be done but too much legislation could stiffle growth and end hurting the people it intends to protect, homeowners and investors. What do you think?
Read this interesting article Here
The government thinks they can come in after the battlefield has been wiped out, implement some hokey laws they say will protect the consumer. The damage is done. If people were ethical and honest we can recover, Bill Betlach