Jcheng ... Thanks for your good question and US bailout of $700 billion and what effect that will have on the South OC and Aliso Viejo housing market.
The truth is we don't know at this time. The US government is still in the process of rolling out its plan for use of that allocated money. Money of that has not yet been used. President Bush said he will not be using all of that. The US auto industry companies have asked for some of that, which Congress turned down so far.
We are a long way from knowing whether the government will use the entire money, how that will be allocated and used, and what effect that will have on the local real estate market here in South OC, California.
Harrison K. Long, Realtor and Broker, Coldwell Banker Previews
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