Gene Urban -- The Urban Team

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My brother and I were recruited by many brokers and we chose Realty Executives. In the Arizona market this firm dominates and excels. John Foltz, our DB and President, is a forward thinking man with great insight and optimism. The firm provides an excellent opportunity to build a real estate practice that is both strong and eventually marketable. As most know, our founder, Dale Rector, invented the 100% commission plan. We have great marketing, training and a core group of agents who are the top in the Greater Phoenix market. Gene Urban The Urban Team at Realty Executives 602-234-5777 www.UrbanTeamAZ.com www.UrbanLifeBlog.com

I fear that government intervention will be another band aid fix with long term downside implications. Many supposed beneficiaries of the 300 billion in FHA loans will be unable to qualify for these products. Many used no-doc loans to qualify the first time and, in truth, did not have the means to satisfy their debt obligations. In the current economy it is unlikely things have changed. A core issue with the plan is the inefficiency of government at either the Federal or local level. For every dollar spent, only a small percentage will reach the problem as most of the money will be lost in administrative costs. I believe allowing the free market economy to resolve this problem would have been the best and fastest solution. In parts of the Greater Phoenix market we are already seeing stability. This legislation is likely to provide more confusion than solution. However, such a solution does not provide politicians with sound bites and votes. Heaven forbid "we the people" resolve social problems on our own without the help of our wise leaders. Gene Urban The Urban Team at Realty Executives 602-234-5777 www.UrbanTeamAZ.com www.UrbanLifeBlog.com