Digesting the Housing Bailout

Apparently, no one knows at the moment.

I haven’t had time to digest the details of the just-announced housing bailout. But what I find interesting, from briefly scanning news accounts, is the discrepant price tags attached to it: I’ve seen the total cost pegged at anywhere from $75 billion to more than 10X that.

No doubt, that’s partly because no one knows how much government guaranties, matching commitments, etc. are ultimately going to cost.

But I think it’s also a case of: 1) initial vagueness in the details (which you’d certainly expect, given the dollars involved); and 2) no one really having had a chance to absorb what details were offered.

More to come . . .

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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