The sales tactics of the National Association of Realtors should be examined and potentially come under the same restrictions as securities brokers through the Securities and Exchange Commission. Realtors routinely lie about the investment potential of residential real estate. People believe these lies and enter into transactions that often harm them financially. After the stock [...]
Entries from March 2009
Regulating the National Association of Realtors Would Help Prevent the Next Housing Bubble
Mar. 2nd, 2009
Regulatory Solutions to Prevent the Next Housing Bubble
Mar. 1st, 2009
The regulatory solution proposed herein is simple, yet far reaching. It comes in two parts, the first is to limit the amount lenders can loan to borrowers with a rather unique enforcement mechanism, and the second is to increase the penalties for borrowers who commit mortgage fraud. The following is not in legalese, but it [...]