patrick.net

http://ochousingnews.com/blog/mortgage-regulations-give-homebuying-fence-sitters-peace-mind/

If new mortgage rules will prevent housing bubbles, prudent fence-sitters have no urgency to buy for fear of being priced out of the housing market.

The real estate industry hates homebuying fence-sitters. Those who make their incomes on real estate transactions aren’t concerned about whether or not buyers are ready to buy or if they can sustain ownership; transactions are income, and the real estate industry wants more transactions, irrespective of how this may impact anyone else.

Fence-sitters are a group of potential homebuyers who for a variety of reasons are not ready to buy today — they are capable of buying, and they may plan to buy in the not-too-distant future, but for now, they are content to rent and watch the market. realtors take it as their mission in life to knock these people off the fence, create false urgency, and generate a real estate commission — today. realtors don’t concern themselves with whether or not fence-sitters are making the right choice for their families because they aren’t generating any income for realtors.

Source: http://ochousingnews.com/blog/mortgage-regulations-give-homebuying-fence-sitters-peace-mind/#ixzz35qkR2n4j

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