Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: August 2009

Cash for Clunkers - Going to Create New Repo Jobs?

Now that Cash for Clunkers is over, who wants to bet that we're going to see many more Repo reality shows with the Repo guy hunting for the car, finding it, and hauling it away?

Why, you ask?  Many people have clunkers for a reason.  Because they can't afford new cars.  Just because they were given $3500-4500 to trade in their old car, does that mean they have the means to actually pay the car payment every month?

People got 100% financing so they could buy a house when they couldn't actually afford it, and look at all the foreclosures. 

Why did the government not think for a second that this program would just create more jobs for the Repo Man?

My bet is that within three months, it's going to be all over the news.

What do you think?  Are people going to actually make these car payments, or expect a free ride??

**Are You Packed Yet?** 

donna harris Realtor Austin TX blog

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way. 

For real time Austin MLS listings, click here.

** #1 Agent in my Office for all of 2008 **

All my blog posts were first published on donnahomesblog.com.
Copyright© 2009 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Cash for Clunkers - Going to Create New Repo Jobs? *

Comment balloon 15 commentsDonna Harris • August 30 2009 08:05AM
Cash for Clunkers - Going to Create New Repo Jobs?
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