The Reason for the Real Estate Recession
While the real estate/mortgage meltdown is concerning, especially to all of us who make our living in this space. The real concern that we have to consider is the out of control spending in Congress. The earmarks and entitlements have blown away any increase in tax receipts from the prosperity of the last several years.
We threw out the last Congress for irresponsible spending and behavior. This Congress has doubled the last Congress’ already despicable deficit.