In case you did not see the hundreds of news stories on it, the government is still open. Whew, that was a close one. Thank goodness our cradle to grave caretaker is still open for business. So Fannie Mae, Freddie Mac, FHA and VA are not closing down, loans will continue to fund, and the Republicans and Democrats will continue their decades old squabble about which party is more evil. They can point fingers and say nasty things about each other, all while we run up the country’s credit card even higher and ignore fiscal realities a bit longer. All is well. All is calm. All is right. Let’s party!
So the question is, what happens next? What will happen to Fannie Mae and Freddie Mac, will they get privatized? Will the Chinese continue to buy our debt so we can splurge on every crazy spending program both parties want? Will Japan start selling our debt to pay to rebuild their cities that lie in ruin? Will rates rise or fall? Is this the year real estate values start to climb again across the country?
Will Fay take her own life? Will Dirk leave Monica? Will the country club finally admit women? Will the neighborhood gossip that disappeared be found alive? Whoops…wait, wrong train of thought.
For answers to the larger questions in life, related to mortgage and real estate, you better stay tuned to this blog, and watch, “As The Country Turns?” Or is that, “As The Country Burns?” Or, “Burn The Country That Overspends?” Or, “Burn Baby Burn?” If I was you, I’d just continue to check this blog, more revelations are forthcoming.