Tuesday, July 29th, 2014

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Opinion: More on “Frannie” Seizure (A Good Read)

Heading into the weekend I just want to pass along an article I read today that, frankly, really challenged me.

It’s from short sale guy Josh Cantwell sharing his thoughts on the Fannie/Freddie Mac seizure doubtless everyone in the free world should be keenly aware of by now.

Now I should clarify, he didn’t ask me to send this to you, and it’s not meant to promote a product our anything.  In fact I didn’t even ask his permission to reprint it here on the blog, so I’m linking to it directly.  I just think it’s worth reading and want you to also be challenged by it.

I say it was “challenging” to me because despite the fact that…and I gotta be honest here…

It feels to me like we’ve just been force fed another Socialism hamburger

But Josh says it may have still been the best thing to do…and I have to admit that he may just be right.

Ugh…I really don’t know for sure.  I waiver frankly.  At times I can’t stand the idea, and feel like it’s just a postponement of the inevitable demise of two bloated, unhealthy behemoth creatures.

At other times I’m forced to honestly consider the other side of the coin.  And when I do, I find myself hoping this might just play out the way they’re saying it should, giving our economy a much needed nudge forward.

Anyway, here’s Josh’s article.  Hope it adds to the conversation in your own mind in a constructive way. :-)

Thanks, Josh, for messing with my head just before the weekend!

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About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • http://www.sellyourpahouse.com/ Carey_PA

    JP,

    I just got done reading Josh’s article and I liked it.

    It definitely made the whole situation more easy to understand.

    Good link to a good article. Thanks.

    Carey

  • http://www.sellyourpahouse.com Carey_PA

    JP,

    I just got done reading Josh’s article and I liked it.

    It definitely made the whole situation more easy to understand.

    Good link to a good article. Thanks.

    Carey