Is it Enough?

By dallasrealtor | February 25, 2009

This may be the question on many individual’s mind over the economic stimulus plan.  Last week the government was one step closer to funding the $1 trillion plan (that’s a lot of zeroes).  If that wasn’t enough, a $2 trillion bank overhaul was added.  The elusive question does not refer to the amount, but what is actually being done to salvage the American economy, as well as the real estate market (a viable aspect of the economy).  Government giveaways seem to be a growing trend, as the auto manufacturers have been included.  There is nothing wrong with giving back money to the American people, but what exactly will it do to bolster the economy?  Will it create jobs for the thousands that have been recently laid off?  The amount infers a consolation prize, whereupon the individual whom has lost his/her job and landed on chance in the famed game of Monopoly, picks up a card to read: “Government error in your favor-collect $500.”  On the other hand, it may allow certain individuals to utilize reserve cash and invest in futures, such as real estate.  But the question remains; is it enough?

If you have any questions about the state of the Dallas real estate market please do not hesitate to give us a call.

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