The FED lowered interest rate again today. While this will hit the headlines as great news, I am viewing it as a a double edged sword . On one hand this will potentially help the real estate market. Lower interest rates could help move cautious buyers of the fence. It could help create a refi boom for my lender friends. While it will be seen as a proactive move by our government to prevent a recession I have to wonder how did we get here? and Are we letting the culprits off Scott free?
The FED decided that economic stimulation was more important than inflation, while most of us are struggling with the every day essentials already. How long will it be before gas hit's $5 a gallon, milk $6 a gallon. So the question I really want to ask is? Will Wall Street ever be held accountable for their actions anymore? I don't see the government lining up to bail me out of crappy investment into Krispy Kreme donuts. Before we all start shouting hooray let's make sure we realize the long term costs to all of us. Please don't take my word for it, let me know what you think.
Copyright 2008 The Russell Home Team 913-681-1383 www.SearchjocoHomes.com
Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...
Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com or www.SearchjocoHomes.com