Local Real Estate Comments and Ramblings


Dave Ramsey's Common Sense for Economy - act now

Dave Ramsey is the host of a nationally syndicated radio show on personal finance and the best selling author of "Financial Peace" and "Total Money Makeover".   www.DaveRamsey.com

Dave has put together a simple plan for reviving the credit markets and stimulating the economy.  This is all good common sense stuff. It is so simple that the folks in Washington might have a hard time comprehending it. LOL!

Read the article and surf through his website.  If this makes more sense to you than shelling out $700 million then there are links there to email your Senator and Congressman.  Dave was just on Fox News with Neil Cavuto talking about this. He has had it on his website for just a few hours and there have already been over 100,000 sent!

I have sent this to Senator Isakson and Chambliss, however the service for emailing my Congressman David Scott was busy, so I'll have to try again later.

Dave Ramsey's 3 Steps: 

1. Pray for them to resist a spirit of FEAR and to embrace WISDOM. Read the entire article


2. Send The Common Sense Fix to your Representatives and Senators Read the entire  article


 3. Tell Others  Read the entire  article


Our representatives know that the people of this country are not happy with the current proposal and its variations.  The vote yesterday proves that they will listen. 

On the other hand, if you are happy with the current proposal and its minor variations then tell your representatives that as well.  They need to hear from all of us and they need to hear NOW!


Bob Southard, e-ProRealtor®, Solid Source Realty, Inc. Buy or sell a home in Powder Springs, Marietta, Kennesaw, Acworth, Dallas, Hiram,and Cobb, Paulding, Douglas, North Fulton, South Cherokee, County, Ga

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Comment balloon 11 commentsBob Southard • September 30 2008 05:38PM


Brother Southard, AMEN! What a great post, I love it! I think the public is sending a message to congress--and that's why there is the delay. it's interesting to note that the market was up over 300 points as the pundits tell people that the loss on the market yesterday was MORE than the 700,000,000,000--great logic--The markets, I believe have taken the delay into account and are digesting it. I think you may see a lower market tomorrow, but I don't think there is going to be another sell of. Hope I am right.  Things will begin to smooth out.



Posted by John March, "Engage, connect, prosper" (Matt 6:33) (Charisma Media Group, LLC) over 11 years ago

He was on Huckabee last Sat Night talking about this. But, then you know Congress, they just love to spend your money...

Posted by Bubba Fife (Complete Property Maintenance) over 11 years ago

Bob - I also saw him on Huckabee last weekend pushing this. It makes a bit more sense now that I have read it. I think it is a good basis for a plan.

Posted by Mike Saunders (Lanier Partners) over 11 years ago


You beat me to it.  I was going to post this as well.  I have one more to send.  The site is not cooperating.  It is probably getting bombarded right now!

Isn't it amazing to think if someone like me were President, I would have someone like Dave in my administration.  That would make too much sense!

Posted by John Hersey, e-PRO Realtor (Berkshire Hathaway HomeServices Homesale Realty) over 11 years ago

I just read this in my email a few minutes ago. I'm all for it. I love Dave! I preach his wisdom to everyone. If we all lived like Dave suggests we wouldn't  be in this mess to begin with!

Posted by Cheri Smith, Realtor Prudential Gary Greene (Prudential Gary Greene, Cypress TX) over 11 years ago

Bob, I haven't had the chance to read what Dave has written but I haven't ever found anything he has to say questionable...we should all strive to follow the wisdom that this man always projects. Thanks for bringing it to my attention and I will read it in the morning. Sounds like I hope Congress does, too!

Posted by Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 11 years ago

Bob, you got my curiosity up and so I went on over now rather than later and realized I had already read it. Good job.

Posted by Gena Riede, Real Estate Broker - Sacramento CA Real Estate (916) 417-2699 (Riede Real Estate, Lic. 01310792) over 11 years ago

Note to all - The email to the house of represetative is working now.  No doubt that they have had a ton of email!  Write your Congressman and Senators. 

Thanks to all who have commented so far.  Contact your representatives now! Comment later :-)

Posted by Bob Southard, e-Pro - Cobb, Cherokee, North Fulton (Atlas Realty Service, LLC) over 11 years ago

Bob, just wanted to leave a quick comment to let you know I appreciate your posting this.  Now, I need to go click the link and read it!

Posted by Lanette Branch, Bel Air, MD REALTOR (RE/MAX Components) over 11 years ago

I also want to say I appreciate seeing this post on your website.  I live in Oregon and have also sent the Common Sense Fix to my Represtatives; and have forwarded it off to others.  It's amazing how many people don't support the Bail Out.  I was at the store yesterday and could hear people talking against it.  They called it "bail money".

God bless,


Posted by Melanie over 11 years ago

Ridiculous "plan" from Dave Ramsey. Here is a realistic plan:


Ramsey's "plan" is flawed because it encourages those able to mee the obligations they consented to when they signed a mortgage contract, to stop making payments immediately, so as to qualify for the "relief" described in his plan.

Ramsey's "plan" is an attempt to prop up asset prices, and fails to address the enormity of the problem. Any "insurance" coverage of mortgage bonds purchased before the nationalization of Fannie and Freddie would require an act of congress. The MBS sold to investors by Fannie and Freddie specifically displayed the disclaimer that they were insured by Fannie of Freddie, and NOT by the US government, The purchase price total of this toxic mess of deteriorating underlying assets was $5.4 trillion.

Choosing Ramsey's plan risks the AAA credit rating of the US treasury. Many of the homes mortgaged by these now toxic loans are no longer even occupied by the mortgagee.

Eliminating the capital gains tax is ludicrous going forward and will not have much affect on a consumer base too strapped or of low credit quality to qualify for ANY loan. Before real estate imploded, nearly 70 percent of US households were "owners"....there is no appreciable group of potential homeowners or investors liquid enough to soak this foreclcosed, overbuilt mess up....

In your heart of hearts, you realty professionals have enough business savvy to seperate Ramsey's wishful scenario from realty. All Ramsey can do here is leave the taxpayer to borrow an untolled future amount, to dealy what is clearly inevitable.....several more years of declining home and all other asset prices, in a defaltionary climate of rising unemployment, personal bankruptcy, business failures, and declining income and underemployment.

Read Denninger's plan at the posted link....it is 'tough love".....a real solution like the one we accused the Japanese of avoiding for the last 18 years..... I listen to Ramsey's radio show....why is he advocating such an off the wall, unrealistic solution on the macro level, compared to the direct and sometimes tough truths he regularly dispenses to individual callers iwho have described, or attempted to gloss over, their own distressed financial circumstances!


Posted by Ed Lefevre (curious sort) over 11 years ago

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