The Federal Government has really come through for the banks, at least the large banks.
Now the banks are in almost total control of the housing market. They own almost the entire saleable inventory and they are about to really capitalize on that.
Banks are now making a statement to Real Estate Agents and Home Buyers. “If you want to buy this house, you can, if you get your new home loan from here. If you want to get your home loan elsewhere, find another house.”
The fact is, it’s smart for a bank to do this. It’s almost instant cash flow for the bank. It’s lemons to lemonade.
While these types of approaches to today’s Real Estate Market aren’t real palatable, it’s just the way things are.
If you are a Real Estate Agent or a Home Buyer needing a loan, how do you like your lemonade? A little sugar??
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