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May 19, 2008


Tom Goodnature

"In a perfect world, they'd likely be content with just sticking to their bread and butter -- lending and receiving money." I think we all would agree to this statement. A Realtor's job is to create sales. One must wonder why banks are standing in the way of the inevitable outcome (i.e. lower the price, work with the Realtor community, sell the house, and get back to doing what they do best). Banks don't "make" any money holding property, they make it with transaction costs and interest. One day they will wake up and realize this. Until then they will just be putting the brakes on the recovery.

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