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Bryan Kohler:Leading With Ideas
Imagine a housing market like the one in Pottersville in Frank Capra‘s 1946 movie, “It‘s a Wonderful Life.” Pottersville represented everything opposite of Bedford Falls. In the world of Pottersville, most people were poor. In Bedford Falls, the middle class thrived. In Pottersville, people rented their homes and were subject to slumlords. In Bedford Falls, homeownership set the standard and people charted their own destinies.
Now imagine what America faces today.
“Never before has so much been at stake,” said Bryan Kohler, CEO of the Salt Lake Board of REALTORS®. “Never before has the housing market seen so many attacks.”
Kohler believes America has reached a tipping point.
“In the future, homeownership in America could be limited to only the elite,” Kohler said. “The American dream of owning a home is fast becoming harder to reach. REALTORS® stand as a last defense in championing private property rights and homeownership.”
For instance, federal regulators are now considering new rules under the Dodd-Frank Act that could be catastrophic to today‘s housing market. Under the proposed rules, a mortgage sold on the secondary market as a security would require the lending institution to hold 5 percent of the loan‘s value, unless the loan met the requirements of a “qualified residential mortgage.”
As the housing market continues its slow climb from the grip of the Great Recession, one segment of the housing market may surprise some. It’s million-dollar homes. You might call it ironic. While overall home sales along the Wasatch Front last year dropped, sales of...
Forbes magazine said it best: Companies are getting the message that Utah is the right place for business. You don’t have to look far to see the proof. Adobe, Twitter, eBay, Microsoft, and Janicki Industries have all announced plans to expand to Utah. Goldman Sachs,...
Niagara Falls, the Hollywood Walk of Fame and the Great Smoky Mountains will all share one thing in common with City Creek when the 23-acre outdoor center opens on March 22, 2012. Namely, City Creek will join a handful of locations that draw more...
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